HMD 221 HW 2

20000-2000$3,000.00 6 year yearcost beginningDepaeciationcost-ending 1 $20,000.00$3,000.00$17,000.00 217000300014000 314000300011000 41100030008000 5800030005000 6500030002000 current assets lomg-term assets long-term assets noncurrent receivables current assets property and equipment fixed assets current assets current assets long-term assets Current assets = Current liabilities*1.2 = 105380*1.2 =$ 1,26,456 Total accounts receivable = 126456-49765-36072-15491 =$ 25,128 Total assets = 126456/30% =$ 4,21,520 Owners' equity = Total assets - Total liabilities = 421520-105380-60000 =$ 2,56,140