Reference no: EM132839963

The following accounts with their corresponding balances before closing entries were taken from the accounting records of Caviar Agency in December 31, 20x1:

Accumulated Surplus (Deficit), Beginning                   250,000
Subsidy from the national Government                      500,650
Cash - Treasury/Agency Deposit, Regular                     750,000
Travel Tax                                                          65,000
Immigration Tax                                                   125,000
Permit Fees                                                          150,000
Registration Fees                                                  15,500
Other Business Income                                          25,000
Other Service Income                                           50,500
Salaries and Wages, Regular                                  165,500
PERA                                                                     15,500
Travelling Expenses - Local                                     10,000
Travelling Expenses - Foreign                                  55,000
Office Supplies Expenses                                       25,000
Water expenses                                              11,000
Security Services                                            18,000

Problem 1: What is the balance of the 'Accumulated Surplus or Deficit, End' to be presented in the  Statement of Financial Position as of December 31, 20x1?