Boom Ltd has the following comparative data. BOOM LTD Statement of financial position as at 30 June 2020 Cash Receivables (net) Inventories Property, plant and equipment (net) 19,980 64,720 61,910 200,600 347,210 49,160 102,000 136,000 60,050 347,210 2019 $ 29,550 59,020 52,060 174,340 314,970 58,060 102,000 119,000 35,910 314,970 Accounts payable Loan payable (15%) Share capital, $10 each Retained earnings Additional information for 2020: 1. Profit was $19,160 2. Sales on account were $375,100. Sales returns and allowances amounted to $29,200 3. Cost of sales was $192,500 4. Net cash provided by operating activities was $51,400 5. The loan payable is a non-current liability in both years. 6. Depreciation for the year was $22,500 and there were no disposals in the year. Boom Ltd has the following comparative data. BOOM LTD Statement of financial position as at 30 June 2020 Cash Receivables (net) Inventories Property, plant and equipment (net) 19,980 64,720 61,910 200,600 347,210 49,160 102,000 136,000 60,050 347,210 2019 $ 29,550 59,020 52,060 174,340 314,970 58,060 102,000 119,000 35,910 314,970 Accounts payable Loan payable (15%) Share capital, $10 each Retained earnings Additional information for 2020: 1. Profit was $19,160 2. Sales on account were $375,100. Sales returns and allowances amounted to $29,200 3. Cost of sales was $192,500 4. Net cash provided by operating activities was $51,400 5. The loan payable is a non-current liability in both years. 6. Depreciation for the year was $22,500 and there were no disposals in the year