SECTION B (30 marks) Presented below is the balance sheet prepared by an inexperienced accounts trainee for Nonsense Family Dentistry on 1 January 2021. He mixed up the assets and liabilities presentation. The individual figures were numerically correct. NONSENSE FAMILY DENTISTRY Balance Sheet at 1 January, 2021 Accounts Payable $84.250 Land $313,505 Building $372,250 Equipment $57,759 Accounts Receivable $55 650 Cash $33,030 Capital stock During the month of January, the following transactions occurred: Jan 1. The business borrowed $30,000 from the bank, giving a note payable due in 40 days. 10 Additional capital stock was issued in exchange for $44.000 cash. 23 Computer was bought for $77,707 and payable in March 2021. 25 The business collected $26,404 of its accounts receivable 30 Paid $37,730 of its accounts payable. REQUIRED PART I (20 marks) Calculate your answer(showing workings) to each of the following questions on 31 January 2021: (a.)Cash balance (b.) Capital Stock amounts (c.) Accounts payable balance (d.) Accounts receivable balance (e.) Total assets of the business amount PART II. Prepare a revised Balance Sheet as at 31 January 2021 after the above transactions. (10 marks)