An adjusted trial balance at 31 December 2016 for a toy manufacturer is given below:

1. In the balance sheet, prepared at 31 December 2016: 

a. What would be the balance of total current assets?
b. What would be the balance of total current liabilities? 

c. What would be the balance of total noncurrent assets? 

d. What would be the closing balance of retained profit?
2. What was the balance of the accumulated depreciation account at 31 December 2015, assuming no property, plant and equipment was disposed of during the year?

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Debit Credit Accounts receivable 29 5000 Accounts payable 120000 Property, plant and equipment 1 000 000 Accumulated depreciation 400000 Income tax payable 40000 Revenue received in advance 10000 Prepaid expenses 20000 Accrued wages 25000 Inventory Cash Accrued revenue 200000 60000 20000 Long-term debt Share capital 100000 700000 Retained profits at 1 January 2016 150000 Sales Cost of goods sold 800000 500000 20000 Depreciation expense Other operating expenses Income tax expense 150000 80000 2345 000 2345 000