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These items are taken from the financial statements of Bramble Corp. at December 31, 2018. Buildings $89.930 10.710 Accounts receivable Prepaid insurance 3.978 Cash 10,064
These items are taken from the financial statements of Bramble Corp. at December 31, 2018. Buildings $89.930 10.710 Accounts receivable Prepaid insurance 3.978 Cash 10,064 Equipment 70,040 Land 52,020 Office expense 493 Income tax expense 170 4,505 2,210 52,700 34,000 38,760 Depreciation expense Interest expense Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation equipment Interest payable 7.140 935 79,560 15,912 3,060 Sales 12.053 Prepare a classified statement of financial position. Assume that $11,560 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquid BRAMBLE CORP. Statement of Financial Position December 31, 2018 Assets Current Assets Cash $ 10.064 Accounts Receivable 10.710 Prepaid Insurance 3,978 Total Current Assets $ 24752 Property, plant, and Equipment Land $ 52,020 Buildings $ 89.930 Less Accumulated Depreciation 38,760 51170 Equipment $ 70.040 Less Accumulated Depreciation 15.912 Total Property, plant, and Equipment Total Assets $ Liabilities and Shareholders' Equity Current Llabilitles Accounts Payable $ 7.140 Interest Payable 3.060 Income Tax Payable 935 Bank Loan Payable 11.560 Total Current Llabilitles S Non-Current Liabilitles Liabilities and Shareholders' Equity Current Liabilitles Accounts Payable 7.140 Interest Payable 3,060 Income Tax Payable 935 Bank Loan Payable 11.560 Total Current Liabilitles Non-Current Liabilitles Bank Loan Payable Total Liabilitles Shareholders' Equity Common Shares 52.700 Retained Earnings 34.000 Total Shareholders' Equity Total Liabilities and Shareholders' Equlty
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