B Kim's Book Store Balance Sheet As At December 31, 2011 Assets Current Assets: Cash $ 8,000 Accounts receivable (net) Inventory 1,000 6,000 2,400 17,400 Prepaid expenses Total Current Assets Long-Term Assests: Display Shelving Etc 49,300 Less: Accumulated Depreciation 2,000 Net plant and equipment 47,300 Total Long-Term Assets: 47,300 Total assets: 64,700 Liabilities Trade Payables $ 9,000 1,100 Current Portion of LTD Long-term Loan Total Liabilities: 19,500 29,600 Owner's Equity 100 Common Shares 35,000 Retained Earnings 64,700 Total Owner's Equity and Liab. S $ D F Kelly's Book Store Balance Sheet As At December 31, 2011 50,000 4,000 206,000 5,000 265,000 560,000 77,000 483,000 483.000 748,000 93,000 5,000 90,000 188,000 10,000 550.000 748,000 $ $ G H + Kaik-Balance K&K-Ratioc