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Especially I want to know how 12600 can be calculated for Net Asset.

As of 31 December 20X1, the following account balances have been taken from the records of Company, Ltd. (All amounts are in CZK) Share capital: 100000 Cash: 60000 Retained earnings: information missing, please calculate the amount Accounts receivable: 12000 License for producing finished products: 40000 Accounts payable: 17000 Advance payment made: 1000 Machinery and equipment: 40000 Customer refund provision with expected settlement within next accounting period: 1000 Raw materials: 12000 Finished goods: 52000 Accumulated depreciation to Machinery \& Equipment: 12000 Accumulated depreciation to License for producing finished products: 13000 Allowance for doubtful receivables: 700 Long-term loan provided: 30000 Sales: 340000 Distribution expenses: 33000 Cost of sales: 214000 Administrative expenses: 4000 Interest income: 1400 Gain on disposal of non-current asset: 400 Tax expense: 25000 Taxes payable: 3000 Accrued interest revenue (will be received within next accounting period): 3000 1. How much is total non-current assets (net book value) at the end of 201 ? 2. How much is operating profit for 201 ? 3. How much is total tangible assets (net book value) at the end of 201 ? 4. How much is net assets at the end of 201 ? 5. How much are total liabilities at the end of 20x1

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