0 58%O ...STAY HOME = 17:14 X H.W Ch 2+4+5.... @ z Question 3 (2.5 points) The following statement of financial position was prepared by the bookkeeper for Kraus Company as of December 31, 2015. (5) Kraus Company Statement of Financial Position as of December 31, 2015 Investments Equipment (net) Patents Inventories Accounts receivable (net) Cash Equity Non-current liabilities Accounts payable 215,500 100,000 78,000 76,300 96,000 32,000 57.000 56,200 80,000 393.500 393.500 The following additional information is provided: 1. Cash includes the cash restricted cash for loan 12,400. 2. The nct accounts receivable balance includes: (a) accounts receivable debit balances 60,000; (b) allowance for doubtful accounts 3,800, 3. Inventories do not include goods costing 5,000 shipped out on consignment, 4. Investments include investments in ordinary shares, non-trading 48,300, and the remainder are trading 5. Equipment costing 5,000 with accumulated depreciation 4,000 is no longer used and is held for sale Instructions Prepare current assets section of financial position in good form