In the current year ending 30th June 2019 AA Ltd has recorded an accounting profit of $800,500. The following information is extracted from AA's financial statement for the year 2019: As at 30th June 2019 2018 2019 Assets Inventories 120,000 140,000 Accounts receivables 420,000 350,000 Allowance for doubtful debts (21,000) (16,000) Prepaid insurance 25,000 22,000 Equipment 300,000 300,000 Accumulated depreciation (60,000) (120,000) Intangible asset 300,000 300,000 Accumulated amortisation (100,000) (200,000) Goodwill 140,000 140,000 Accumulated impairment (2,000) (5,000) LiabilitiesLiabilities Service revenue received in advance 17,000 12,500 Warranty payable 35,000 40,000 Provision for long service leave 28,000 35,000