Reference no: EM132203910
Tobias Company has the following account balances after adjusting entries at December 31, 2012:
Accounts Payable$24,000
Dividends7,000
Treasury Stock, Common (22,000 shares)98,000
Preferred Stock ($10 par)80,000
Land220,000
Cash220,000
Equipment120,000
Accounts Receivable90,000
Common Stock ($1 par)365,000
Sales820,000
Prepaid Rent70,000
Bonds Payable (due 2030)120,000
Premium on Bonds Payable8,000
Cost of Goods Sold720,000
Interest Expense20,000
Unearned Revenue20,000
Allowance for Doubtful Accounts15,000
Operating Expenses97,000
Accumulated Depreciation- Equipment40,000
Paid-in Capital in Excess of Par Value, Common113,000
Retained Earnings57,000
What are the total assets and the total owners' equity on the December 31, 2012 balance sheet?
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