Cash The bookkeeper for Pronghorn Corp. has prepared the following statement of financial position as at July 31, 2020 PRONGHORN CORP. Statement of Financial Position As at July 31, 2020 $ 89,000 Notes and accounts payable 559,000 Accounts receivable (net) 56,700 Long-term liabilities 83,000 Inventory 67.000 Shareholders' equity 220,700 Equipment (net) 111,000 Patents (net) 39,000 $362,700 5362,700 1. 2 3. The following additional information is provided Cash includes $ 3.200 in a petty cash fund and $ 18,000 in a bond sinking fund. The net accounts receivable balance is composed of the following three items: (a) accounts receivable debit balances $ 69,000; (b) accounts receivable credit balances $8.500, and (c) allowance for doubtful accounts $3,800. Inventory costing 5 6,300 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables of $ 6,300 were recognized on these consigned goods. Equipment had a cost of $ 153,000 and an accumulated depreciation balance of $ 42,000 Income Tax Payable of $ 10,100 was accrued on July 31 Pronghorn Corp. however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income tax payable account 6. Long-term liabilities are bonds payable issued at par, due in 2025, Shareholders' equity is made up of two account balances: Common Shares of S 147,100 and Retained Earnings of S 73,600. 4. 5. 7 la) Use the information available to prepare a corrected classified statement of financial position as at July 31, 2020. (Adjust the account balances based on the additional information) (List Current Assets in order of liquidity) PRONGHORN Corp. Statement of Financial Position PRONGHORN Corp. Statement of Financial Position Assets s $ Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity > $