Presented below are a number of statement of financial position items for Montoya, Inc., for the current year, 2015.

Instructions Prepare a classified statement of financial position in good form. Share capital—ordinary shares authorized was 400,000 shares, and share capital—preference shares authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of trading securities are the same.

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Goodwill Payroll taxes payable Bonds payable 125,000 Accumulated depreciation-equipment 292,000 177,591 Inventory 239,800 285,000 Rent payable (short-term) 45,000 Cash Land 360,000 Income taxes payable 98,362 480,000 Long-term rental obligations 480,000 Notes receivable Notes payable (to banks) Accounts payable 445,700 Share capital-ordinary, 1 par value 200,000 265,000 Share capital-preference, 10 par value 150,000 490,000 Prepaid expenses 87,920 Retained earnings ? Equipment 1,470,000 Income taxes receivable 97,630 Trading securities 121,000 Unsecured notes payable (long-term) 1,600,000 Accumulated depreciation-buildings 270,200 Buildings 1,640,000