956 4 2 8 Question 3-10 marks On January 1, 2020, AMI Corporation purchased the non-cash net assets of Culver Ltd. for $8,087,900. Following is the statement of financial position of Culver Ltd. from the company's year-end the previous day: Culver Ltd. Statement of Financial Position As at December 31, 2019 7 8 9 10 Cash $630,000 11 Accounts receivable 554,000 2 Inventory 2,510,000 B Property, Plant and equipment (net) 2,070,000 Land 2,570,000 Total assets $8,334,000 Liabilities and Shareholders' Equity Accounts payable Common shares $324,000 2,520,000 Retained earnings Total liabilities and shareholders' equity 5,490,000 $8,334,000 the items on