The following accounts and 30 June balances of Newtown Optical Ltd are arranged in no particular order: Goodwill $ 64,000 Inventory $103,000 Preference capital, 5,500 shares issued (annual dividend 65c per share), fully paid 71,500 Dividends payable 4,000 Property, plant and equipment, net 285,000 Retained earnings 151,500 Accounts receivable, net 107,000 Accounts payable 32,000 Accrued liabilities payable 17,000 Cash 41,000 Long-term loan payable 101,000 Ordinary capital, 24,000 shares issued, fully paid 236, 000 Prepaid expenses 13,000

Required: (a) Prepare the company's classified balance sheet as at 30 June. (6 marks) (b) Calculate Newtown Opticals rate of return on total assets and rate of return on ordinary shareholders' equity for the year ended 30 June. For the rates of return, you will need these data: (4 marks) Profit after tax $ 47,000 Income tax expense 20,000 Interest expense 3,000