The comparative statement of financial position for Sandhill Retailers Ltd. follows:

The comparative statement of financial position for Sandhill Retailers Ltd. follows: SANDHILL RETAILERS LTD. Statement of Financial Position December 31 Assets Cash Accounts receivable Inventory Furniture Accumulated depreciation Total assets 2018 2017 $ 27,000 11,000 46.000 171,000 146,000 79,000 56,000 162,000 (46,000) (26,000) $ 370,000 256,000 Liabilities and Shareholders' Equity Accounts payable Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $ 45,000 30,000 104,000 77,000 58,000 91.000 $256,000 63.000 158,000 $ 370,000 Additional information: 1. Net income was $67,000 in 2018. 2. Depreciation expense was $ 20,000 in 2018. 3. Payments made to the bank pertaining to the bank loan were $ 10,000 in 2018. Some new loans were obtained that year 4. Common shares were issued in 2018 and no shares have been bought back by the company. 5. In 2018, no furniture was sold