The trial balance of Red Excitement Ltd as at 30 June 2017 disclosed: $ $ 18,285 1,500 51,385 48,500 785.000 286,350 52,635 28,700 25,2001 6.900 Cash at bank Petty cash Accounts Receivable Inventory (at cost) Land & Buildings (at director's valuation 2017) Plant & Equipment (at cost) Investments (at market value) Goodwill (at cost) Trademarks (at cost) Deferred Tax asset Allowance for doubtful debts Accounts Payable Accrued Expenses Accumulated depreciation - Buildings Accumulated depreciation - Plant & Equipment Accumulated impairment - Goodwill Taxation Payable Deferred Tax liability Mortgage Provision for Long Service Leave General Reserve Asset Revaluation Reserve Share Capital Retained Earnings 1,350 24,9101 4,655 39,650 79,420 11,700 26,255 3.1001 210,000 13,600 100,000 35,000 650,000 104,8151 1,304,455 1,304,455 Additional information: Investments are shares in companies listed on the Australian Stock Exchange. The mortgage, secured by land & buildings, is due to be repaid in three equal instalments, due on 30 June each year. Land was revalued by the directors on 30 June 2017 to $420,000. Buildings were revalued by the directors on 30 June 2017 to $365,000. Long service leave payable within the next twelve months is $3,100. . . . Required: (a) Prepare the Balance Sheet for Red Excitement Ltd as at 30 June 2017 (b) Prepare the notes for the Non-Current Assets and the Current Liabilities sections ONLY of the balance sheet. Page 7 of 11