The financial statements for Camellia Co. for year 2019 and 2020 are as follows: Camellia Co. Comparative Statements of Financial Position as of March 31 2020 2019 $ $ Non-current assets Equipment 300,000 Accumulated depreciation (135,000) 250,000 (105,000) Debt investment (held-for collection) 80,000 245,000 60,000 205,000 Current assets Inventory Accounts receivable Cash 10,000 8,000 26,000 34,000 150,000 120,000 186,000 162,000 Total assets 431,000 367,000 Shareholders' equity Ordinary share capital 150,000 150,000 Retained earnings 193,000 98,000 343,000 248,000 Non-current liabilities 10% Bond payable 50,000 80,000 Current liabilities Accounts payable 16,000 26,000 Income tax payable 22,000 13,000 38,000 39,000 Total equity and liabilities 431,000 367,000