The following is a list (in random order) of KIP International Products Company's December 31,2016 balance sheet accounts of the International Products Company: ,- Total long-term investments Property, Plant, and Equipment: Total property, plant, and equipment Intangible Assets: Total Assets Liabilities Current Liabilities: $ Total current liabilities Long-Term Liabilities: 2. Assume instead that KIP uses IFRS. Prepare its balance sheet as of December 31,2016. KIP INTERNATIONAL PRODUCTS COMPANY Prepaid items Total current assets Total Assets Shareholders' Equity Contributed Capital Total contributed capital Retained earnings Total contributed capital and Retained earnings Total Shareholders' Equity Total contributed capital and Retained earnings Total Shareholders' Equity Liabilities Noncurrent Liabilities Total noncurrent liabilities Current Liabilities Total current liabilities Total current liabilities Total Liabilities Total Shareholders' Equity and Liabilities The following is a list (in random order) of KIP International Products Company's December 31,2016 balance sheet accounts of the International Products Company: ,- Total long-term investments Property, Plant, and Equipment: Total property, plant, and equipment Intangible Assets: Total Assets Liabilities Current Liabilities: $ Total current liabilities Long-Term Liabilities: 2. Assume instead that KIP uses IFRS. Prepare its balance sheet as of December 31,2016. KIP INTERNATIONAL PRODUCTS COMPANY Prepaid items Total current assets Total Assets Shareholders' Equity Contributed Capital Total contributed capital Retained earnings Total contributed capital and Retained earnings Total Shareholders' Equity Total contributed capital and Retained earnings Total Shareholders' Equity Liabilities Noncurrent Liabilities Total noncurrent liabilities Current Liabilities Total current liabilities Total current liabilities Total Liabilities Total Shareholders' Equity and Liabilities