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Culver Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for

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Culver Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: \& Chapter 5 Retained earnings (a) \& Chapter 5 Retained earnings (a) Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $310,000 and that the accumulated depreciation balance for the equipment is $155,000. The allowance for expected credit losses has a balance of $36,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidits List Property, Plant and Equipment in order of Bulldilizs, and Equipment.)

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