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What is the amount of changeo total assets at the end

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Reference no: EM133098934

Question - Changeo Ltd., reported the following am ounts on its Statement of Financial Position on December 31, 2021:

Inventory $650,000

Notes payable 140,000

Cash 260,000

Share capital 800,000

Net property, plant and equipment 445,000

Accounts receivable 73,000

Accounts payable 138,000

Retained earnings ?

Required -

1. What is the amount of Changeo's total assets at the end of 2021?

2. What is the amount of Changeo's retained earnings at the end of 2021?

3. Prepare a classified Statement of Financial Position for Changeo Ltd as of December 31, 2021.

Reference no: EM133098934

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