Ron Abrams has come into your ofce for his weekly 1 on 1 in which you update him on your weekly progress on your projects. He has arrived with a stack of paperwork in his hands and a befuddled look on his face. You ask what's going on and he responds as follows. "Last year, as you know. we purchased a bankrupt. closed clown bottling facility in The Ukraine. I don't know if you know this but in countries other than Canada they are using somewhat different accounting policies than we do, and the reports I have for the rst few months of operations for that location look nothing like anything I have seen before. i'm aware that the company made no money this month as it's had no sales or operations. but I cannot understand our capital position. I'm leaving you with a new project. I know you've been learning accounting so I want you to take the opening information for the business from the date of purchase and come up with the balance sheet as it should appear to me as a Canadian Reader." You are somewhat puzzled with this new challenge. yet attered at the same time, and agree to take it on. Given: The newly purchased rm was bought on November 1. At inception the balance sheet accounts of the rm were as follows: Account Name $ Account Name 35 Accounts Payable 85.000 Bonds Payable (Over 1 Year} 45,000 Accounts Receivable 67,000 Share Capital 936.200 Land 490,000 Furniture and Fixtures 15,000 Building 320,000 Wages Payable 55,000 Equipment 175,000 Bottle Processing Patent Fee's Payable 25,000 Cash 2,200 Taxes Payable 58.000 Notes Payable 60,000 Bottle Inventory 195.000