1. The Jarmon Company manufactures and sells a line of exclusive sportswear. Prepare a
financial position as at 31st December 2022 from the following information.
Account Receivable
$ 75,000
Long term loan
10,000
Mortgage
20,000
Gross Fixed Assets
85,000
Bank
25,000
Other Assets
30,000
Common stock
130,000
Inventories
80,000
Short term loan
30,000
Retained earnings
30,000
Accumulated depreciation
25,000
Account Payables
50,000