Create a Statement of Financial Position at February 28th.

\begin{tabular}{|c|c|c|c|c|c|} \hline February Journal & 1 Entries & & & & \\ \hline Date & ACCT \# & Description & DR & CR & \\ \hline \multirow[t]{3}{*}{ 1-Feb } & 8210 & G\&A Expense & 25,000.00 & & \\ \hline & 1440 & GST Receivable & 1,250.00 & & \\ \hline & 6210 & Accounts Payable & & 26,250.00 & \\ \hline \multirow[t]{3}{*}{ 5-Feb } & 9130 & G\&G clearing & 420,000.00 & & \\ \hline & 1440 & GST Receivable & 21,000.00 & & \\ \hline & 6210 & Accounts Payable & & 441,000.00 & \\ \hline \multirow[t]{2}{*}{ 4-Feb } & 1010 & Bank chequing account & 50,000.00 & & \\ \hline & 1410 & ArJV & & 50,000.00 & \\ \hline \multirow[t]{3}{*}{ 7-Feb } & 9130 & G\& G Clearing & 50,000.00 & & \\ \hline & 1440 & GST Receivable & 2,500.00 & & \\ \hline & 6210 & Accounts payable & & 52,500.00 & \\ \hline \multirow[t]{3}{*}{ 8-Feb } & 9310 & IntangibleDrilling & 210,000.00 & & \\ \hline & 1440 & GST Receivable & 10,500.00 & & \\ \hline & 6210 & Accounts payable & & 220,500.00 & \\ \hline \multirow{3}{*}{ 21-Feb } & 9310 & IntangibleDrilling & 800,000.00 & & \\ \hline & 1440 & GST Receivable & 40,000.00 & & \\ \hline & 6210 & Accounts payable & & 840,000.00 & \\ \hline \multirow[t]{3}{*}{ 27-Feb } & 9510 & Production well equipment & 205,000.00 & & \\ \hline & 1440 & GST Receivable & 10,250.00 & & \\ \hline & 6210 & Accounts payable & & 215,250.00 & \\ \hline \multirow[t]{2}{*}{ 28-Feb } & 6210 & Accounts payable & 1,795,500.00 & & \\ \hline & 1010 & Chequing account & & 1,795,500.00 & \\ \hline & & & & & \\ \hline \multirow{2}{*}{ 28-Feb } & 1410 & AR - JV & 46,775.00 & & \\ \hline & 7950 & O/H Recovery & & 46,775.00 & \\ \hline & & & & & \\ \hline \multicolumn{2}{|l|}{ JV OH Schedule } & G\&G & 470,000.00 & & \\ \hline & & Intangible drilling & 1,010,000.00 & & \\ \hline & & Production Equipment & 205,000.00 & & \\ \hline & & & 1,685,000.00 & & \\ \hline & & & & & \\ \hline & \begin{tabular}{l} 5% \\ 3% \end{tabular} & \begin{tabular}{l} First $100,000 \\ Next $200,000 \end{tabular} & \begin{tabular}{l} 100,000.00 \\ 200,000.00 \end{tabular} & \begin{tabular}{l} 5,000.00 \\ 6,000.00 \end{tabular} & \\ \hline & 1.5% & Remaining balance & 1,385,000.00 & 20,775.00 & \\ \hline & & Fixed monthly & & 15,000.00 & \\ \hline & & OH Recovery Charge & & 46,775.00 & \\ \hline \multicolumn{2}{|l|}{ Clearing Accounts } & & & MRU & Lougheed \\ \hline & & & & 60% & 40% \\ \hline & 9130 & G\&G & 470,000.00 & 282,000.00 & 188,000.00 \\ \hline & 9310 & Intangible drilling & 1,010,000.00 & 606,000.00 & 404,000.00 \\ \hline & 9510 & Production Equipment & 205,000.00 & 123,000.00 & 82,000.00 \\ \hline & & & & & \\ \hline & 9130 & U\&G & & \begin{tabular}{r} 4/0,000.00 \\ 1.010 .000 .00 \end{tabular} & \\ \hline & 9510 & Production Equipment & & 205,000.00 & \\ \hline & 3110 & G\&G & 282,000.00 & & \\ \hline & 3310 & Intangible drilling & 606,000.00 & & \\ \hline & 3510 & Production Equipment & 123,000.00 & & \\ \hline & 1410 & AR - JV & 674,000.00 & & \\ \hline & & & 1,685,000.00 & 1,685,000.00 & \\ \hline & & & & & \\ \hline \end{tabular}