A newly hired bookkeeper is in the middle of preparing the statement of financial position for Miller Inc. as of December 31, 2020. The assets section he prepared is shown below. Inventories... 57,000 Accounts receivable (net of allowance $4,800)... 52,200 Investments. 76,300 Cash....... 90,000 Equipment 86,000 Patents. 32.000 Total $393,500 You are assigned the task of assisting the bookkeeper to prepare the statement. You have collected additional information as follows: 1. Cash includes prepaid insurance of $9,400 for the next year. 2. Investments include short-term investments (FV-NI) $24,000, long-term investments (FV-OCI) $43,300, and trademarks $9,000. Investments are currently recorded at cost. The fair value of short-term investments is $20,500 and the fair value of long-term investments is $46,800. 3. Equipment costing $8,000 with accumulated depreciation $6,000 is no longer used and is held for sale. The equipment is expected to be sold for $2,000. The sale is expected to occur within one year. Accumulated depreciation on the other equipment is $40,000