Please help me to solve this question, show me the detail, thanks !Trump & Trudeau Inc.Balance SheetEndingBeginningBalanceBalanceAssetsCash$1,200,000$1,400,000Accounts receivable1,530,0001,450,000Inventory1,380,0001,320,000Plant and equipment, net3,620,0003,680,000Investment in Brexit Sunk Inc.280,000250,000Land (undeveloped)370,000380,000Total assets$8,380,000$8,480,000Liabilities and Shareholders’ EquityOperating Line$1,310,000$1,360,000Accounts payable$1,700,000$1,800,000Current Portion of Long-Term Debt$500,000$470,000Long-term debt2,580,0002,690,000Shareholders’ equity2,290,0002,160,000Total liabilities and shareholders’ equity$8,380,000$8,480,000Trump & Trudeau Inc.Income StatementSales$40,500,000Less operating expenses36,450,000Net operating income$4,050,000Less interest and taxes:Interest expense$350,000Tax expense350.000700,000Net income$3,350,000Dividends paid last year$1,500,000Minimum required return15%
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