The statement of financial position of Kishwaukee Ltd. as of December 31, 2019, is as follows.

Note 1: Goodwill in the amount of £120,000 was recognized because the company believed that book value was not an accurate representation of the fair value of the company. The gain of £120,000 was credited to Retained Earnings.
Note 2: Notes payable are non-current except for the current installment due of £100,000.
Instructions
Prepare a corrected classified statement of financial position in good form. The notes above are for information only.