PRINTER VERSION BACK NEXT Testbank, Question 69 FRANKLIN LTD. Statement of Financial Position December 31, 2018 $ 66,000 25,000 225.000 316,000 Cash Prepaid insurance Accounts receivable Inventory Land Building Less: Accumulated depreciation Trademark Less: Accum. Amort Total assets S 65,000 15,000 95,000 120,000 165,000 $235,000 70,500 164,500 $ 125,000 37,500 87,500 $712.000 Accounts payable Salaries payable Bonds payable Total liabilities Common shares Retained eamings Total shareholders' equity Total liabilities and shareholders' equity 250,000 146,000 396,000 $212.000 Net income retained for use in the business is $712,000. $396,000. $316,000. O $146,000. LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor SUBMIT ANSWER Question Attempts: 0 of 2 used SAVE FOR LATER % Earn Maximum Points available only if you answer this question correctly in your first attempt