The following trial balance was prepared by Vantoge Electronics Corporation, a Canadian private enterprise, as of 31 December 205. The adjusting entries for 205 have been made, except for any related to the specific information noted below. Other information: You find that certain errors and omissions are reflected in the trial balance below: a. The $19,000 balance in accounts recelvable represents the entire amount owed to the compary; of this amount, $17,800 is from trade customers and 3% of that amount is estimated to be uncollectible. The remaining amount owed to the company represents a long-term advance to its president. b. Inventorles include $1,100 of goods incorrectly valued at double their cost (l.e., reported at $2.200 ). No correction has been recorded. Orfice supplies on hand of $500 are also included in the balance of inventories. c. When the equipment and building were purchased new on 1 January 200 (i.e., six years earlier), they had estimated lives of 10 and 25 vears resnectivelv. Thev have been amotized usina the straiciht-line method on the assumntion of zero residual value and Other information: You find that certain errors and omisslons are reflected in the trial balance below: a. The $19,000 balance in accounts recelvable represents the entire amount owed to the company; of this amount, $17,800 is from trade customers and 3% of that amount is estimated to be uncollectible. The remaining amount owed to the company represents a long-term advance to its president. b. Inventorles include $1,100 of goods incorrectly valued at double their cost (1.e, reported at $2,200). No correction has been recorded. Office supplies on hand of $500 are also included in the balance of inventories. c. When the equipment and building were purchased new on 1 .January 200 (le., six years earlier), they had estimated Iives of 10 and 25 years, respectively. They have been amortized using the straight-line method on the assumption of zero residual value, and depreciation has been credited directly to the asset accounts. Amortization has been recorded for 205. d. The balance in the land account includes a $1.200 payment made as a deposit on the purchase of an adjoining tract. The option to buy it has not yet been exerclsed and probably will not be exercised during the coming year. e. The interest bearing note dated 1 April 205 matures 31 March 20X6. Interest on it has not been recorded for 205. Required: 1-a. Prepare a balance sheet. (List accounts in order of their liquidity.) requirea: 1-a. Prepare a balance sheet. (List accounts in order of their liquidity.) \begin{tabular}{|l|l|l|} \hline & & \\ \hline \multicolumn{1}{|c|}{ Total capital assets } & & \\ \hline Other assets & & \\ \hline Total assets & & \\ \hline Liabilities & & \\ \hline Current liabilities & & \\ \hline & & \\ \hline & & \\ \hline Total liabilities & & \\ \hline Shareholders' Equity & & \\ \hline Contributed capital & & \\ \hline & & \\ \hline & & \\ \hline Total shareholders' equity & & \\ \hline Total liabilities and shareholders' equity & & \\ \hline \end{tabular} 1-b. Calculate the ending balance in retained earnings