C. Prepare the assets section of the classified statement of financial position. (8 marks) Display Setting The account balances presented below are from the financial records of M Sport Inc. as at June 30, 2020. The accounts are presented in alphabetical order and the balances in the accounts are normal balances. Balance Account title Accounts payable Accounts receivable Accumulated depreciation - building Accumulated depreciation - equipment Building Cash Common shares Cost of goods sold Deferred revenue Depreciation expense B 22,000 12,700 19,500 22,000 76,000 28,300 30,000 335,000 7,500 15,200 Account title Accounts payable Accounts receivable Accumulated depreciation - building Accumulated depreciation - equipment Building Cash Common shares Cost of goods sold Deferred revenue Depreciation expense Dividends declared Equipment Income tax expense Insurance expense Interest expense Interest income Land Mortgage payable Prepaid insurance Rent expense Retained earnings, July 1 Salaries expense Salaries payable Sales Supplies Balance 22,000 12,700 19,500 22,000 76,000 28,300 30,000 335,000 7,500 15,200 20,000 50,000 5,300 3,900 1,600 3,300 120,000 54,800 1,800 46,700 108,800 96,300 1,300 540,000 900 Additional information hp Additional information: $4,500 of the mortgage payable is due to be repaid within the next year