Presented below are a number of statement of financial position items for Montoya SA, for the current year, 2019.

Goodwill........................................................................€ 125,000

Payroll taxes payable......................................................177,591

Bonds payable.................................................................285,000

Cash..................................................................................360,000

Land.................................................................................480,000

Notes receivable.............................................................445,700

Notes payable (to banks)..............................................265,000

Accounts payable..........................................................490,000

Retained earnings.....................................................................?

Income taxes receivable.................................................97,630

Unsecured notes payable (long-term).....................1,600,000

Accumulated depreciation-equipment...................€ 292,000

Inventory........................................................................239,800

Rent payable (short-term).............................................45,000

Income taxes payable.....................................................98,362

Long-term rental obligations......................................480,000

Share capital-ordinary, €1 par value..........................200,000

Share capital-preference, €10 par value..................150,000

Prepaid expenses..........................................................87,920

Equipment................................................................1,470,000

Trading securities......................................................121,000

Accumulated depreciation-buildings......................270,200

Buildings..................................................................1,640,000

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.