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The following are the account balances of Short Company: Accounts receivable 50,000 Bank loan Advances from Customer 5,000 Cash Building 900,000 Income tax payable Copyright

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The following are the account balances of Short Company: Accounts receivable 50,000 Bank loan Advances from Customer 5,000 Cash Building 900,000 Income tax payable Copyright 100,000 Land Inventory 120,000 Machinery held for sale Long term liability 200,000 Unearned income Prepaid rent 10,000 Accounts payable Accrued interest expen. ? 10,000 100,000 420,000 30,000 1,000,000 50,000 25,000 250,000 Compute the following: 1. Total current assets 2. Total current liabilities 3. Total non-current assets 4. Total non-current liabilities 5. Total assets 6. Total liabilities 7. Total capital

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