46% KB/s Done 29 Saint John Corporation provided you with the following statements of Financial Statements as of December 31,2020: Saint John Corporation Statements Financial Position December 31,2020 Assets Liabilities and equity Currents Liabilities: Currents Assets: Accounts Payable Other current liabilities TOTAL 68,000 40,000 105,000 Cash Trading securities Accounts Receivables (net Inventory Other Current ass 250,000 150,000 427,000 620,000 284,000 1,741,000 Long term liabilities Total Liabilities 655,000 763,000 Total Equity: Share capital Retained Earning Total Equity Total liabilities and Equity Non-current Assets: Property, plant and equipment Treasury shares Other non-currents 1,295,000 1,000,000 1,636,000 2,636,000 3,399,000 90,000 272,000 1,658.000 3,339,000 Total Total Assets The Following additional information relates to the December 31,2020 statement of financial position: Cash includes 80,000 that has been restricted for the purchase of manufacturing a) equipment non-current assets: b) Trading securities include 55,000 Of stocks that has was purchased in order to give the company ownership and a seat on the board of directors of a major suppliers. c) Other current assets also include a 80,000 advance to the president company. No due date has been set. d) Long term liabilities also include bonds payable of 200,000. Of this amount 50,000 represent bonds of scheduled to be redeemed in 2021. e) Long term liabilities also include a 140,000 banks loan. On May 15,2021, the loan will become due on demand. f) On December 21 dividends in the amount of 300,000 were declared to be paid to shareholders of record on January 25. These dividends has not been reflected in the financial statements. g) Cash in the amounts of 380,000 has been placed in a restricted for the redemption of preference shares I 2021. Both the cash and the shares have been removed from the the statements of financial position. h) Property, plant and equipment includes land costing 160,000 has been held for investments purposes that is scheduled to be sold in 2021. Question: Determine the adjusted amounts of the following as of December 31,2020: With solution: 1. currents assets a. 1,526,000. b. 1,821,000. c. 1,685,000. d. 1,605,000 2. non-currents assets a. 2,163,000 b. 2,003,000 c. 1,488,000 d. 2,083,000 Full text: 2897 88 Aa **.. II