The following accounts and amounts are taken from the accounting records of Martindale Ltd. med tof Account Amount Account Amount estion Cash $54,100 Accounts receivable 3,200 Inventory Prepaid rent Supplies Equipment Accumulated depreciation $16,200 Accounts payable 3,000 Salaries payables 44,000 Unearned revenue 69,000 Long term note payable 5,000 Common shares 213,000 Retained earnings 150,000 12,400 40,000 50,000 68,000 Total liabilities are $109,700, Select one: True False