Question: Listed below in random order are the items to be included in the statement of financial position of Smokey Mountain Lodge at December 31, 2013:


Listed below in random order are the items to be included in the statement of financial position of Smokey Mountain Lodge at December 31, 2013: Equipment Land Accounts Payable Accounts Receivable Salaries Payable Interest Payable $ 39,200 Buildings 425,000 Share Capital 54,800 Cash 10,600 Furnishings 33,500 Snowmobiles 12,000 Notes Payable Retained Earnings $ 450,000 135,000 31,400 58,700 15,400 620,000 ? a(1) Compute the amount to be shown for Retained earnings. (Omit the "$" sign in your response.) Retained earnings $ a(2)Prepare a statement of financial position at December 31, 2013. (Be sure to list the assets and liabilities in order of their liquidity. Omit the "$" sign in your response.) SMOKEY MOUNTAIN LODGE Statement of Financial Position December 31, 2013 $ Assets |(Click to select) (Click to select) (Click to select) |(Click to select) (Click to select) (Click to select) (Click to select) Total $ Liabilities & Owners' Equity Liabilities: (Click to select) (Click to select) (Click to select) (Click to select) Total Liabilities Owners' equity: (Click to select) (Click to select) DD Total
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