Blue Spruce Athletic Wear Inc.s adjusted trial balance amounts (with the exclusion of the adjusting entry to update Inventory and Cost of Goods Sold accounts) appear in alphabetical order as follows on December 31, 2021, the end of its fiscal year:

Accounts payable		$101,065		Inventory, Jan. 1		$49,815
Accounts receivable		54,366		Land		92,250
Accumulated depreciationbuildings		63,714		Mortgage payable		153,750
Accumulated depreciationequipment		52,767		Prepaid insurance		2,952
Administrative expenses		222,507		Property tax payable		5,904
Buildings		233,700		Purchases discounts		27,675
Cash		20,910		Purchase returns and allowances		7,872
Common shares		64,575		Purchases		493,968
Deferred revenue		10,209		Refund liability		5,084
Dividends declared		9,840		Retained earnings		84,378
Equipment		135,300		Salaries payable		4,305
Freight in		6,888		Sales		783,510
Income tax expense		19,680		Selling expenses		9,840
Interest expense		12,792

Additional information:

1.		Blue Spruce Athletic Wear uses a periodic inventory system.
2.		A physical inventory count determined that Inventory on December 31, 2021, was $89,298.
3.		Of the mortgage payable, $15,375 is due in the next year.
4.		Common shares of $30,750 were issued during the year.

Prepare a statement of financial position as at December 31.