Ron Abrams has come into your office 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 down 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 first few months of operations for that location look nothing like anything I have seen before. I$\text{'}$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$\text{'}$m leaving you with a new project. I know you've been learning accounting so I want vou 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 flattered at the same time, and agree to take it on$.$Given:The newly purchased firm was bought on November $1.$ At inception the balance sheet accounts of the firm were as follows:Account NameAccounts PayableAccounts ReceivableLandBuildingEquiomentCashNotes Payable$85,00067,000490,000320,000175,0002,20060,000$Account NameBonds Payable $($Over $1$ Year$)$Share CapitalFurniture and FixturesWages PayableBottle Processing Patent Fee's PayableTaxes PayableBottle Inventory$45,000936,20015,00055,00025,00058,000195,000$During the month of November the following transactions occurred:BCAccounts receivable were collected in the amount of:Wages due were paid out of cash in the amount of:Equipment was purchased on credit for the amount ofThis amount was due on delivery and was paid in cash:D Land appraised for this amount:EA stakeholder, Bruce Wayne, provided the co withFequipment and in return received in shares for this amount:Shares were retired for Bonds Payable for this amount:The bonds payable are due Dec. $15,2025$GBottle processing patent fees for this amount were completely paid out on creditOld bottles for this amount were returned to the formersupplier for their cash valueIA bank loan was taken out for this amount:The amount was kept in cash over the end of the month$$19,800$$$18,800$$$178,800$$$3,900$$$560,0001$$$68,800$$$303,800$$$25,000$$$178,800$$$68,800$