Reference no: EM132765225

The following data will be used to prepare ELK's financial statement. Based on this data (unit: US dollar), answer each of the following questions:

Building: 20,000,

Accrued Payable: 9,000,

Cash: 3,500,

Capital Stock: 10,000,

Unearned Revenue: 2,400,

Accounts Payable: 3,500,

Accounts Receivable: 10,000,

Trade Receivables: 12,400,

Prepaid Expense: 1,500,

Retained Earnings: 5,250,

Long-Term Financial Assets: 2,750

Problem 1: What is the total amount of assets in the financial statement?

Problem 2: What is the total amount of liabilities in the financial statement?

Problem 3: What is the total amount of equity in the financial statement?

Problem 4: What is the total amount of non-current asset in the financial statement?

Problem 5: What is the difference between current assets and current liabilities in the financial statement?