THE NEXT TWO (2) QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:

DOODLEBUGGY COMPANY LTD.
BALANCE SHEET
As at December 31, 20XX
ASSETS
Current Assets:
Cash	?
Accounts Receivable	$72,000
Merchandise Inventory	$57,000
Total Current Assets		$173,000
Non-Current Assets:
Land	$422,000
Machinery	?
Accumulated Depreciation	($95,000)
Total Non-Current Assets		?
TOTAL ASSETS		$992,000
LIABILITIES AND
SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts Payable - Merchandise	$82,000
Accounts Payable - Office Supplies	$14,000
Salaries Payable	$47,000
Total Current Liabilities		$143,000
Non-Current Liabilities:
Bonds Payable		$400,000
Total Liabilities		$543,000
Shareholders' Equity:
Share Capital ($15 par value)	?
Retained Earnings	$149,000
Total Shareholders' Equity		?
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		?

Question 16

Based on the balance sheet provided, what is the value of Doodlebuggy Company's cash, machinery, and total non-current assets?

Cash = $44,000, machinery = $422,000, total non-current assets = $992,000

Cash = $44,000, machinery = $492,000, total non-current assets = $819,000

Cash = $173,000, machinery = $492,000, total non-current assets = $422,000

Cash = $992,000, machinery = $95,000, total non-current assets = $173,000

Question 17

Based on the balance sheet provided, what is the value of Doodlebuggy Company's share capital, total shareholders' equity, and total liabilities and shareholders' equity?

Share capital = $300,000, total shareholders' equity = $449,000, total liabilities and shareholders' equity = $543,000

Share capital = $235,000, total shareholders' equity = $308,000, total liabilities and shareholders' equity = $543,000

Share capital = $300,000, total shareholders' equity = $449,000, total liabilities and shareholders' equity = $992,000

Share capital = $260,000, total shareholders' equity = $570,000, total liabilities and shareholders' equity = $992,000