Bemant Inc has been in business for several years. Belmont follows IFRS and has a December 31 year end. The following adjusted and comperative amounts have been provided to you. Assume that all accounts have normal balances. YA Y4 136,200 163,500 Accounts receivable 86,500 105,000 1) Prepare a classified statement of financial position Allowance for doubtful accounts Prepaid insurance Inventory FV-Oci Investments Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation - Equipment Accounts payable Notes payable (due in Y5) Bonds payable Idue in Y8) Common shares Retained earnings Accumulated other comprehensive income Sales revenue Gain on sale of equipment Unrealized gain - DC Investments Cast of goods sold Deprecation expense Wages expense Utility expense Administration expense Advertising expense Other important Information: 1. Equipment costing $15,000 that was GDX depreciated was sold and resulted in a gain. There were no purchases and no other sales of equipment 2. Dividends were declared and paid during the year 3. Common shares were issued for cash. 4. Inventary is valued using the lower-of-cost or market and with FIFO. 5. The company has a variety of fixed assets and depreciation is on the straight-line basis buildings are depreciated over 20 years, equipment is depreciated between 8-12 years. 11,000 19,000 118,300 105,000 320,000 550,000 165,000 335,000 201,000 98,500 100,000 475,000 260,000 354,750 1,500 1,000,000 1,400 8,000 587,400 48,750 245,000 5,200 25,400 21,400 11.000 15,000 126.000 97,000 320,000 550.000 151,250 350,000 175,000 106,000 100,000 120,000 200,000 370,000 1,500 1,190,00 706,500 48,750 264,000 6.000 29,000 21,500