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Use the following information to answer the question. Cash HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $ 5,000 Accounts payable
Use the following information to answer the question. Cash HONEST RON'S FURNITURE OUTLET LTD. Statement of Financial Position December 31, 2022 $ 5,000 Accounts payable Accounts receivable. 20,000 Salaries payable Supplies Inventory 1,000 Mortgage payable 170,000 Total liabilities $ 30,000 10,000 130.000 $170,000 Landi 100,000 Shareholders' equity Building $100,000 Common shares $140,000 Less: Accum. Depreciation 20,000 80,000 Retained earnings 96,000 Trademark $ 40,000 Total shareholders' equity 236.000 Less: Accum. Amortization 10,000 30.000 Total liabilities and Total assets $406.000 $406,000 shareholders' equity Assuming that the total amount of mortgage payable is due on January 1, 2024, the dollar amount of non- current liabilities is $ 40,000. $170,000. $196,000. $130,000
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