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The following information is taken from Gandalf, Pty, Ltd. book: Accounts Payable $600 Accounts Receivable $5,200 Cash $27,000 Loan Payable in 6 months $4,400 Revenue

The following information is taken from Gandalf, Pty, Ltd. book:

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Accounts Payable $600 Accounts Receivable $5,200 Cash $27,000 Loan Payable in 6 months $4,400 Revenue received in $12,000 Bank Loan Mortgage $30,000 advance Accu mulatecl $7,800 Inventory $10,200 depreciation Buildings $17,600 Supplies $1,600 What is the most likely amount for the company's net assets

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