The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100.000 Equipment 265.000 200.000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150.000 200.000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity S587,000 $555,000 Additional information: 1. Profit was $100,000. 2. Sales were $978,000. The comparative unclassified Balance Sheet for Company Q as follows: COMPANY Q LTD. BALANCE SHEET December 31 2019 2018 Assets Cash $ 53,000 $ 22,000 Accounts receivable 80,000 76,000 Merchandise inventory 185,000 189,000 Land 70,000 100.000 Equipment 265.000 200.000 Accumulated depreciation (66,000) (17,000) Total assets $587,000 $555,000 Liabilities and Shareholders' Equity Accounts payable $ 39,000 $ 47,000 Bank loan payable 150.000 200.000 Common shares 199,000 174,000 Retained earnings 199,000 134,000 Total liabilities and shareholders' equity S587,000 $555,000 Additional information: 1. Profit was $100,000. 2. Sales were $978,000