I 1) The following is a post-closing trial balance for the Sepia Paint Corporation at December 31, 2023, the end of the company's financial year. Account title Cash Accounts receivable Allowance for uncollectible accounts Inventories Prepaid expenses Note receivable (due in one month) Investments Land Buildings Machinery Accumulated depreciation - buildings and Machinery Patent (net of accumulated amortization) Accounts payable Salaries payable Interest payable Note payable Bonds payable (due in 10 years) Ordinary share capital, no par Retained earnings Totals Debits 80,000 200,000 300,000 30,000 60,000 50,000 120,000 550,000 500,000 50,000 1.940.000 Credits 20,000 450,000 170,000 40,000 10,000 100,000 500,000 400,000 250,000 1.940.000 The $50,000 balance in the investment account consists of marketable equity securities of other corporations. The company's intention is to hold the securities for at least three years. The $100,000 note payable is an installment loan; $10,000 of the principal, plus interest, is due on July 1 of every year for the next 10 years. At the end of the year, 100,000 ordinary shares were issued and outstanding. The company has 500,000 of authorized ordinary shares. Required: Prepare a classified statement of financial position for the Sepia Paint Corporation at December 31, 2023.