Assets Non-current assets Reed Geophysical Inc. Statement of Financial Position As at December 31, 2018 (in...

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Assets Non-current assets Reed Geophysical Inc. Statement of Financial Position As at December 31, 2018 (in $) Property, plant, and equipment 7,000,000 Decrease in property revaluation (35,000) Intellectual property 3,035,000 Total non-current assets 10,000,000 Current assets Inventories 1,000,000 Trade Receivables 2,500,000 Prepaid expenses 100,000 Cash and cash equivalents 2,900,000 Total current assets 6,500,000 Total assets 16,500,000 Equity and liabilities Equity Contributed equity 100,000 Share capital 4,290,000 Retained earnings 5,000,000 Total equity 9,390,000 Non-current liabilities 5,000,000 Assets Non-current assets Reed Geophysical Inc. Statement of Financial Position As at December 31, 2018 (in $) Property, plant, and equipment 7,000,000 Decrease in property revaluation (35,000) Intellectual property 3,035,000 Total non-current assets 10,000,000 Current assets Inventories 1,000,000 Trade Receivables 2,500,000 Prepaid expenses 100,000 Cash and cash equivalents 2,900,000 Total current assets 6,500,000 Total assets 16,500,000 Equity and liabilities Equity Contributed equity 100,000 Share capital 4,290,000 Retained earnings 5,000,000 Total equity 9,390,000 Non-current liabilities 5,000,000