107,700 18,000 Statement of financial position items for Flower Inc. follow at Dec 31, 2019: Goodwill 126,200 Accumulated depreciation-furniture Accounts receivable 59,000 Accumulated other comprehensive LOSS Payroll taxes payable 6,000 Inventory Bonds payable due 2023 526,000 Bank indebtedness Patents 50,000 Accrued liabilities Cash 22,500 Building Leasehold improvements 40,000 Accumulated depreciation - Leaseholds Land 99,000 Common shares (20,000 shares issued) Notes receivable (due in 50,000 Preferred shares (15,000 shares issued) 2019) Allowance for uncollectible 5,200 Accumulated amortization - patents accounts Notes payable (of which 280,000 Prepaid expenses 40,000 is due in 2020) Accounts payable 98,500 Furniture Lease Liability (current) 26,600 Lease liability (non-current) Retained earnings ? Investments in Bonds (plan to hold until redemption in 2023) Income taxes receivable 23,000 Accumulated depreciation-building 126,222 16,500 32,000 1,101,000 10,000 200,000 170,000 10,000 93,600 325,000 109,000 78,000 269,000 Required a) Prepare a classified statement of financial position in good form for Flower Inc at Dec 31, 2019. (Use format from Ch 5 of your text.) The numbers of authorized shares are as follows: 400,000 common and 20,000 preferred. (There have been no shares issued/redeemed during the year.) Classify items based on the most likely classification on what you know about when the item is usually realized/settled. State any assumptions needed. Question 1 continued... b) Calculate the following ratios based on your statement above. You must type out your calculations outside your cells (each component and amount). Use the formulas from Appendix 5A. i. Current ratio ii. Quick ratio Debt to total assets iv. Book value per share * common sharebelders equitx = shareholders' equity-preferred shares