05 The following is a December 31, 2013, post-closing trial balance for the Vosburgh Electronics Corporation. Account Title Debits Cash Short-term investments Accounts receivable Long-term investments Inventories Loans to employees Prepaid expenses (for 2014) Land Building Machinery and equipment Patent Franchise Note receivable Interest receivable Accumulated depreciation - building Accumulated depreciation - equipment Accounts payable. Dividends payable (payable on 1/16/14). Interest payable Taxes payable Unearned revenue- Notes payable Allowance for uncollectible accounts Ordinary share capital Retained earnings Totals 67,000 182,000 123,000 35,000 215,000 40,000 16,000 280,000 1,550,000 637,000 152,000 40,000 250,000 12,000 3,599,000 Credits 620,000 210,000 189,000 10,000 16,000 40,000 60,000 300,000 (8,000 2,000,000 146,000 3,599,000 Additional information: 1. The ordinary share capital represents 1 million no par ordinary shares authorized, 500,000 shares issued and outstanding. 2. The loans to employees are due on June 30, 2014. 3. The note receivable is due in installments of $50,000, payable on each September 30. Interest is payable /annually. Short-term investments consist of marketable equity securities that the company plans to sell in 2014 and $50,000 in Treasury bills purchased on December 15 of the current year that mature on February 15, 2014. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year. Required: 1. Prepare a classified statement of financial position for Vosburgh at December 31, 2013. 5. Unearned revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2014, the remainder in 2015., 6. Notes payable consists of two notes, one for $100,000 due on January 15, 2015, and another for $200,000 due on June 30, 2016. 2. Identify the items that would require additional disclosure, either on the face of the statement of financial position or in a disclosure note

The following is a December 31, 2013, post-closing trial balance for the Vosburoh Flectrnmire Commmatinm 5 Additional information: 1. The ordinary share capital represents 1 million no par ordinary shares authorized, 500,000 shares issued and outstanding. 2. The loans to employees are due on June 30,2014. 3. The note receivable is due in installments of $50,000, payable on each September 30 . Interest is payable /annually. 4. Short-term investments consist of marketable equity securities that the company plans to sell in 2014 and $50,000 in Treasury bills purchased on December 15 of the current year that mature on February 15,2014. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year. 5. Unearned revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2014, the remainder in 2015. 6. Notes payable consists of two notes, one for $100,000 due on January 15,2015 , and another for $200,000 due on June 30, 2016. Required: 1. Prepare a classified statement of financial position for Vosburgh at December 31, 2013. 2. Identify the items that would require additional disclosure, either on the face of the statement of financial