26 of 27 Statement of financial position items for Novak Inc. follow for the current year, 2020: Goodwill $121.250 Accumulated depreciation-equipment $283,240 Bank loan 172,263 Inventory 232,606 Bonds payable due 2024 276,900 Rent payable 43.650 Cash 349,200 Income tax payable 95,411 Land 465.600 Rent payable (long-term) 465,600 Notes receivable 432,329 Common shares (20,000 shares issued) 194,000 Notes payable 257,050 Preferred shares (15,000 shares issued) 145.500 Accounts payable 475.300 Prepaid expenses 85,2821 Retained earnings ? Equipment 1,425,900 Income tax receivable 94,701 FV-NI investments 117.370 Notes payable (due in five years) 1.552,000 Accumulated depreciation-buildings Buildings 262,094 1.590.800 (a) Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and 20,000 preferred. Assume that income tax accounts, notes receivable, bank loan, and notes payable are short-term, unless stated otherwise, and that the FV-NI investments are stated at fair value. (List Current Assets in order of liquidity: List Property, Plant and Equipment in order of Land, Buildings and Equipment) Novak Inc. Prepare a classified statement of financial position in good form. The numbers of authorized shares are as followscontented com and 20,000 preferred. Assume that income tax accounts, notes receivable, bank loan, and notes payable are short-term, unless stated otherwise, and that the FV-NI investments are stated at fair value. (List Current Assets in order of liquidity List Property Plant and Equipment in order of Land, Buildings and Equipment) Novak Inc. Statement of Financial Position Assets Liabilities and Shareholders Easily