Reference no: EM133138411

Question - Presented in alphabetical order, the following data are from the accounting records of Pronghorn Corporation, a public company, at April 30, 2021:

Accounts payable $63,000

Accounts receivable 44,000

Accumulated depreciation-equipment 61,000

Accumulated other comprehensive income 18,000

Bonds payable, due 2025 150,000

Cash 100,480

Common shares (no par value, unlimited authorized, 200,000 issued) 300,000

Depreciation expense 24,000

Dividend revenue 11,000

Equipment 240,000

Income tax expense 82,760

Income tax payable 25,000

Interest expense 7,100

Interest receivable 1,680

Interest revenue 3,360

Investment in associate 140,000

Investment Income or (Loss) 3,000

Investments at amortized cost, bonds due 2023 22,000

Investments at FVTOCI-equity 200,000

Investments at FVTPL-bonds 61,000

Investments at FVTPL-equity 15,000

OCI-holding gain or (loss), net of $3,600 tax (10,000)

Rent expense 78,000

Retained earnings 78,660

Salaries expense 237,000

Service revenue 550,000

Required - Prepare a balance sheet at April 30, 2021.