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Question 1
	Question 1:
		Frobisher Ltd.
		Statement of Fianacial Position (partial)
		for year ended December 31, 2020
		Liabilities
		Current Liabilities
		Income Tax Payable	$3,000
		Wages Payable	$2,000
		Unearned Revenue	$135,000
		Interest Payable	$12,000
		Accounts Payable	$80,000
		Total Current Liabilities	$232,000
		Non Current Liabilities
		Bonds Payabable, due 2032	$85,000
		Notes Payable, due 2025	$40,000
		Bank Loan Payable, dur 2023	$20,

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