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Use the Information Given Below (As at 30 June 2012)

question 4

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Use the information given below (as at 30 June 2012) to answer the following questions:
$ Share capital 100000 Equipment 150000 Inventory 30000 Accounts receivable 20000 Accounts payable 30000 Retained profits 80000 Cash 10000\begin{array} { l r } &\$\\\text { Share capital } & 100000 \\\text { Equipment } & 150000 \\\text { Inventory } & 30000 \\\text { Accounts receivable } & 20000 \\\text { Accounts payable } & 30000 \\\text { Retained profits } & 80000 \\\text { Cash } & 10000\end{array}
Assume no dividends were declared during the year.
-What is the balance of total assets at 30 June 2012?

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