The primary difference between prepaid and accrued expenses is that prepaid expenses have been incurred and accrued expenses have not. not been paid and accrued expenses have. not been recorded and accrued expenses have. been paid and accrued expenses have not. $29500 10900 130000 BRAMBLE'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $7000 Accounts payable 20900 Salaries payable 900 Mortgage payable 170000 Total liabilities 98000 Shareholders' equity Common shares 80100 Retained earnings Total shareholders' equity 30500 $407400 Total liabilities and shareholders' equity Cash Accounts receivable Supplies Inventory Land Building Less: Accum. Depreciation Trademark Less: Accum. Depreciation Total assets $170400 $99000 $139000 98000 18900 237000 $41000 10500 $407400 The dollar amount of net property, plant and equipment is $80100. $178100 $209600 $348100