8:00 Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2015. All accounts have normal balances. in your opinion, this company has loss or profit in last year why?? 2 Equipment 40,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings Dividends 50,400 Land 157,320 Inventory 102,000 Bonds Payable 78,000 Notes Payable (due in 6 months) 24,400 Share Capital-Ordinary 60,000 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 4,000 Revenue 354,400 Buildings 80,400 Supplies 8:01 Inventory 102,000 Bonds Payable 78,000 Notes Payable (due in 6 months) 24,400 Share Capital-Ordinary 60,000 Accumulated Depreciation - Equip. 10,000 Prepaid Advertising 4,000 Revenue 354,400 Buildings 80,400 Supplies 2,860 Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salaries and Wages Expense 56,040 Salaries and Wages Payable 900 Accumulated Depr. - Buildings 15,000 Cash 40,000 Depreciation Expense 8,000