Table 3: MORSE LIMITED Comparative Statements of Financial Position (Dec. 31} Cash Amounts receivable 31.000 34.000 Merchandise inventory 20.000

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Table 3: MORSE LIMITED Comparative Statements of Financial Position (Dec. 31} Cash Amounts receivable 31.000 34.000Merchandise inventory 20.000 15.000Property. plan, and equipment 50.000 ?B.000 Accumulated depreciation Table 4: MORSE LIMITED Comparative Statements of Financial Position (Dec. 31} Continued Liabilities and Shareholders' Eqflx m MAmounts pave ble $15,000 $23,000Income tax payable 13,000 3,000Mo rtgage pava ble 9.000 33.000Common shares 39.000 24.000Retained earnings 6_4.0fl 189$