Sophia's Simple Soap Company Ltd. Comprehensive Balance Sheet Year Ended December 31, 2018 Assets Cash (18,000) Accounts receivable 132,000 Interest receivable 15,000 Land 800,000 Building (net of 90,000 depreciation) 910,000 Equipment (net of 15,000 depreciation) 150,000 Notes receivable 7,000 Prepaid expenses 10,000 Office supplies 3,300 Inventories 138,000 Total Assets 2,147,300 Liabilities Accounts payable 23,300 Deferred revenue 55,000 Mortgage payable 476,000 Note 1 8% Bonds payable, due 2021 600,000 Note 2 Interest payable 48,000 Wages payable 13,000 Equity Common shares, 25,000 Issued 200,000 Opening retained earnings 350,000 Sales revenue 1,345,000 Cost of goods sold (375,000) Selling expense (123,000) Salaries & wages expense (250,000) Depreciation expense (14,000) Supplies expense (13,000) Property tax expense (36,000) Income tax expense (22,000) General & administrative expense (130,000) (\"\\I ____________ .I __..._..__._ 'T