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: Culver Corp. Statement of Financial Position For the Year Ended December 31, 2023 Current assets Cash (net of bank overdraft of $34,000) $ 350,000 Accounts receivable (net) 449,000 Inventory at the lower of cost and net realizable value 471,000 FV-NI investments (at cost-fair value $290,000) 310,000 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Long-term liabilities 640,000 360.000 255,000 86,000 104,000 22,000 345,000 135,000 93,000 57,000 Bonds payable 632,000 Shareholders' equity Common shares, unlimited authorized, 420,000 issued 420,000 Contributed surplus 290,000 Retained earnings CULVER CORP. Statement of Financial Position Assets Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity