The following accounts and amounts were taken from Chawla Ltd's statement of financial position

al November 30, 2018, the end of its fiscal year:

Accounts payable, $24,000

Accounts recelvable, $15,000

Accumulated depreciation

1-buildings, $10,000

Accumulated depreciation- equipment, $58,000

Bank loan payable ($5,000 of which is due within the next year), $80,000

Buildings, $200,000

Cash, $10,000

Common shares, $60,000

Equipment, $147,000

Income tax payable, $5.000

{

Interest payable, $500

Inventory, $78,500

Land, $50,000

Mortgage payable ($7,500 of which is due within the next year), $150,000

Retained earnings, $74,000

Salaries payable, $8,000

Supplies, $1,000

Unearned revenue, $2,000

(a) Calculate the total amount of current assets, non-current assets, current liabilities, non-

current liabilities, and shareholders' equity that would he reported on the statement of financial

position at November 30.

(b) Using the amounts calculated in part (a), check that the accounting equation is in balance.