Current Attempt in Progress Blue Spruce Corp's statement of financial position at the end of 2019 included the following items: $ 1.215.000 31.200 Current liabilities Bonds payable Common shares Retained earnings $ 1.150,100 1,271,000 182,000 194,000 1,320,000 340,000 Current assets Land Buildings Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Intangible assets-patents Total (139,000) (11,900) Regulas 41.800 $ 2,797.100 Total $ 2,797,100 The following information is available for the 2020 fiscal year: 1. 2. 3. 4. Net income was $ 392,000. Interest paid is classified as operating activities. Equipment (cost of $ 21.400 and accumulated depreciation of $8.190) was sold for $11.300. Depreciation expense was $4.040 on the building and $ 9,030 on equipment. Amortization expense on a patent was $ 3.150. Current assets other than cash increased by $ 33,000. Current liabilities increased by $ 31,000. An addition to a building was completed at a cost of $31,100. An FV-OCl investment in shares was purchased for $ 20,900 on the last day of the year. This was the first such investment 5. 6. . 7. mada bulu Sacca in bistan 8. Bonds payable of $ 76,700 were issued at par. Cash dividends of $ 182.000 were declared and paid. Dividends paid are treated as financing activities. 9. Blue Spruce prepares financial statements in accordance with IFRS. (a) Your answer is partially correct. Prepare a statement of financial position (SFP) as at December 31, 2020. (Hint: You will need to adjust ("plug") the December 31. 2020 amount of current assets to ensure the SFP balances.) (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Blue Spruce Corporation Statement of Financial Position For the Year Ended December 31, 2020 Assets Current Assets FV-OCI Investments Property. Plant. And Equipment Prepare a statement of financial position (SFP) as at December 31, 2020. (Hint: You will need to adjust ("plug) the December 31, 2020 amount of current assets to ensure the SFP balances.) (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Blue Spruce Corporation Statement of Financial Position For the Year Ended December 31, 2020 Assets 20900 Rectangular Ship $ 31200 S 1351100 sings 143040 1208060 318600 pment 12140 306460 1545720 Intangible Assets Patents Total Assets Liabilities and Shareholders' Equity Current Llabilitles Long-Term Liabilitles Bonds Payable Total Liabilitles Shareholders' Equity Common Shares = Retained Earnings Total Shareholders Equlty Total Liabilitles