Help me please The balance sheet of Simpson Ltd at 30 June 2021 was as follows:Simpson LtdBalance Sheetas at 30 June 20212$AssetsLiabilitiesCash320,000Accounts payable151,000Inventory126,000Rent payable1,500Accounts Receivable130,500Wages payable5,500Prepaid Insurance1,000Total current liabilities158,000Supplies3.500Loan200,500Total current asset581,000Total Liabilities358,500Equipment89,000Shareholders' EquityAccumulated depreciation(69,500)Share capital100,000Total Non-Current Assets19,500Retained profits142,000Total Assets600,500Total Shareholders' Equity242,000The following events occurred for Simpson Ltd during the month of July 2021:a) $85,000 of credit sales occurred during the month. This inventory cost Simpson Ltd $45,000 to purchase.b) On July 1st 2021, borrowed $180,000 from the bank. The loan idue on 30 June 2023 when the principal will be repaid in full. The loan carries an interest rate of 8 per cent per annum. An interest payment of $900was made during the month of July 2021.c) Cash dividends of $6,000 declared of which $1,000 remained outstanding at the end of July.d) Received $15,000 from accounts receivable.e) Bought equipment for $80,000 paying cash on 1 July 2021. The annual rate of depreciation for equipment owned by Simpson Limited increased to $9,000 following this transaction.f) Received $10,000 for inventory to be delivered to a customer on 15 August 2021.g) Paid wages of $20,000 during the month, $5,500 of which were owed for the month of June. $4,000 remained outstanding to employees at the end of July.h) Paid $9,000 rent for the six-month period from 1 June 2021 to 30 November 2021i) Paid an insurance policy worth $12,000 covering 1 August 2021 to 31 July 2022. Insurance is prepaid each year on 31 July.j) A physical count on 31 July shows that the ending balance of supplies is $2,000 Calculate the Net Book Value (Carrying Value) of Equipment held by Simpson Limited at 31 July 2021Note: please use the following approach when answering this question:Book Value at the start of period xAdjustment insert account name xAdjustment - insert account name (x)Book Value at end of period x

The assets are considered as the resources of the business which is invested by…

Calculate the Net Book Value (Carrying Value) of Equipment held by Simpson Limited at 31 July 2021 Note: please use the following approach when answering this question: Book Value at the start of period x Adjustment insert account name x Adjustment - insert account name (x) Book Value at end of period x