C Ltd. Has collected the following data and asks you to prepare the Balance Sheet at 12/31/20X2:

 

Balance Sheet Items	12/31/20X2	12/31/20X1
Accounts Payable to Suppliers	$29,000	$ 27,000
Accounts Receivable from Customers	$29,000	$ 24,000
Bonds Payable	$19,460	$19,460
Buildings (net of depreciation)	$11,000	$12,000
Cash	$7,000	$3,000
Land	$19,460	$19,460
Equipment (net of depreciation)	$23,000	$17,000
Income Taxes Payable	$7,000	$5,000
Common Stock	$9,000	$6,000
Merchandise Inventory	$8,585	$ 8,000
Retained Earnings	$25,000	$25,000
Salaries Payable	$8,585	$1,000

 

Required 1: AC's Current assets as of 12/31/20X2 must have been: $_______?

 

Required 2: AC's Non Current Assets as of 12/31/20X2 must have been: $_______?

 

Required 3: AC's Total Assets as of 12/31/20X2 must have been: $_______?

 

Required 4: AC's Current Liabilities as of 12/31/20X2 must have been: $_______?

 

Required 5: AC's Non Current liabilities as of 12/31/20X2 must have been: $___________?

 

Required 6: AC's Total Liabilities as of 12/31/20X2 must have been: $________?

 

Required 7: AC's Owner's Equity as of 12/31/20X2 must have been: $_________?

 

Required 8: AC's Total Liabilities and Owner's Equity as of 12/31/20X2 must have been:_______?