ABC Company's balance sheets for 2027 appear below: Jan. 1 Dec. 31 ASSETS: Cash Accounts receivable Inventory Land Total LIABILITIES + EQUITY: Accounts payable Notes payable Common stock Retained earnings 24,600 98,300 21,700 32,500 177,100 29,400 0 88,600 59.100 31,200 anafa 46,300 35,000 ? 63.700

Gulf Shipping Company Balance Sheet As of January 24, 2023 (amounts in thousands) Cash 14,300 Accounts Payable Accounts Receivable 4,100 Inventory 5,800 Property Plant & Equipment 14,800 Other Assets 700 1,900 3,200 4,000 9,100 7,700 22,900 30,600 39,700 Total Liabilities & Equity 39,700 Debt Other Liabilities Total Liabilities Paid-In Capital Retained Earnings Total Equity Total Assets Record the transactions in a journal, transfer the journal entries to T-accounts, compute closing amounts for the T-accounts, and construct a balance sheet to answer the question. Jan 25. Sell, deliver, and receive payment of $25,000 for service Jan 26. Consume good or service and pay expense of $1,000 Jan 27. Sell product for $30,000 in cash with historical cost of $24,000 What is the final amount in Total Liabilities & Equity?

II. The following is a comparative balance sheet of ABC Co. for December 31, 2022 and 2021: Cash and cash equivalents Accounts receivable Inventories Investment in bonds at amortized cost Equipment Accumulated depreciation Total Assets Accounts payable Bonds payable, due 2025 Ordinary stock, P20 par Share premium Retained earnings Total Liabilities and Equity Additional information: . 2022 250,000 327,600 822,000 0 . 2,400,000 (700,000) 3,099,600 359,000 0 1,800,000 280,000 660,600 3,099,600 2021 220,000 356,000 780,000 200,000 2,040,000 (760,000) 2,836,000 • Net income for 2022, P545,600. Depreciation reported on income statement, P140,000. Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for P560,000. Bonds of P400,000 were retired at their face value. 281,000 400,000 1,600,000 200,000 355,000 2,836,000 10,000 shares of ordinary stock were issued for cash of P28 per share. Cash dividends declared and paid, P240,000 Investment in bonds with carrying…

Selected financial data for Wilmington Corporation is presented below.   WILMINGTON CORPORATION Balance Sheet As of December 31   Year 7 Year 6 Current Assets     Cash and cash equivalents $    634,527 $   335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009       Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430       Current Liabilities     Short-term borrowings $   306,376 $    170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…