Current Attempt in Progress Novak SpA has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion 237.500 347.500 408,500 147.500 577.500 167,500 182,500 Novak SpA Statement of Financial Position December 31, 2022 Current assets Cash Accounts receivable (net) Inventory (at lower-of-average-cost-or-net realizable value) Trading securities-at cost (fair value 127.500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Other identifiable assets Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension liability Rent payable Premium on bonds payable Non-current liabilities Bonds payable Equity Share capital-ordinary. 1.00 par, authorized 400.000 shares, issued 297,500 Share premium-ordinary Retained earnings 87.500 97,500 19.500 142.500 132.500 89.500 56,500 60.500 507,500 297.500 167,500 ? Shar -ordinary Retained earnings Prepare a revised statement of financial position given the available information. Assume that the accumulated depreciation balance for the buildings is 167,500 and for the equipment, 112,500. The allowance for doubtful accounts has a balance of 24,500. The pension liability is considered a non-current liability. (List Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) NOVAK SPA Statement of Financial Position For the Year Ended December 31, 2022 Assets Current Assets Cash Total Assets Accounts Recevable Less : Allowance for Doubtful Accounts Inventory