Assignment $2$

Question $1$ of $2$

$\frac{-}{40}$

Non$-$current liabilities

Bonds payable

$505,500$

Equity

Share capital$-$ordinary, $1\mathrm{.}00$ par, authorized $400,000$ shares, issued $295,500$

Share premium$-$ordinary

$165,500$

Retained earnings

$?$

Prepare a revised statement of financial position given the available information. Assume that the accumulated depreciation balance for the buildings is $165,500$ and for the equipment, $110,500.$ The allowance for doubtful accounts has a balance of $22,500.$ The pension liability is considered a non$-$current liability. $($List Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.$)$

CULLUMBER SPA

Statement of Financial Position

For the Year Ended December $31,2022$

Assets