Activity 1. Prepare a statement of Financial Position of the following accounts (one in report form and one in account form): A. Cash - 5,000 Equipment - 17,000 Loans Payable - 77,500 Owner's equity - 40,000 Accounts Receivable - 2,600 Building - 113,000 Accounts Payable - 22,400 Activity 1. Prepare a statement of Financial Position of the following accounts (one in report form and one in account form): A. Cash - 5,000 Equipment - 17,000 Loans Payable - 77,500 Owner's equity - 40,000 Accounts Receivable - 2,600 Building - 113,000 Accounts Payable - 22,400