Transfer to general reserve (8000) (58 000) (17 000) Retained earnings (30/6/16) 34 800 $ 35 000 Current assets Cash $ 1 000 $ 40 Receivables 27 000 12 100 Allowance for doubtful debts (500) (300) Financial assets 20 000 10 000 Inventory 48 000 47 000 Total current assets 95 500 68 840 Non-current assets Plant and machinery 100 000 70 000 Accumulated depreciation (40 000) 26 000 Land 102 300 190 000 Debentures in Amber Ltd 57 000 Shares in Amber Lid 160 000 Total non-current assets 379 300 234 000 Total assets 474 800 302 840 Current liabilities Dividend payable 16 000 7 200 Provisions 12 000 8 800 Bank overdraft 14 840 Current tax liabilities 11 000 10 000 Total current liabilities 39 000 40 840 Non-current liabilities 12% mortgage debentures 80 000 Deferred tax liabilities 13 000 5 000 Total non-current liabilities 13 000 85 000 Total liabilities 52 000 125 840 Net assets $ 422 800 $ 177 000