Solution 16:

Listowel Corp.
Statement of Financial Position as of December 31, 2012

Assets $ Liabilities and Owners' Equity

Current Assets Current Liabilities

Cash 195000 Accounts payable
Accounts Receivables 137000 Notes payable
Inventory 264000
Total 596000 Total

Fixed Assets Long Term Debt

Tangible 2800000
Intangible 780000 Owners' Equity
Common stock
Retained Earnings

Total Assets 4176000 Total Liabilities and Owners' Equity

Total Assets = Total Liabilities and Owners' Equity

Owners' Equity = Total Assets - Current Liabilities - Long Term Debt - Retained Earnings
1, 2012

405000
160000

565000

1195000

?
1934000 NN

4176000

482000