Question: This is a question for extra practice that I am trying to do. There are no solutions so I do not know what to compare



This is a question for extra practice that I am trying to do. There are no solutions so I do not know what to compare my answers to. I have finished most of it and am stuck on question f) in the retained earnings part. Please show the work for all the questions so I can see if I did them correct and can see what I have to do for f). Thank you.



C) Prepare the non-current (long-term) assets section of the balance sheet (statement of financial position). d) Prepare the current liabilities section of the balance sheet (statement of financial position) in order of liquidity. e) Prepare the non-current (long-term) liabilities section of the balance sheet (statement of financial position).1) Prepare the shareholders' equity section of the balance sheet {stalement of financial position). At December 31, 2019, the partial adjusted accounts for Ozark Ltd. included the following: Accounts payable $40,000 Furniture $160,000 Accounts receivable $95,000 Income tax expense $4,000 Accumulated depr - Building $35,000 Income taxes payable $17,000 Accumulated depr - Furniture $20,000 Insurance expense $6,000 AFDA $9,000 Inventory $25,000 Bank loan payable $220,000 Land $370,000 Building $150,000 Prepaid expenses $2,500 Cash $45,000 Retained earnings $ ? Common shares $38,000 Salaries payable $3,000 Cost of goods sold (COGS) $180,000 Unearned revenue $12,000 Dividends $10,000 Utilities $3,500 Notes: Assume that $70,000 of the bank loan payable will be paid in 2020. . All accounts are in their normal balance. The above is not the full trial balance of Ozark Ltd. Required (parts a, b. c, d, e & f): Use the information above to answer the following questions. In essence you are to prepare a classified balance sheet (statement of financial position) for December 31, 2019. Please show all your calculations for full marks. Please show totals for each section. a) If you were to prepare the balance sheet (statement of financial position) in good form, would the date be for the year ended December 31, 2019 or as at December 31, 2019? b) Prepare the current assets section of the balance sheet (statement of financial position) in order of liquidity
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