Current Attempt in Progress

The statement of financial position of Skysong Limited follows for the current year, 2020:

SKYSONG LIMITED Statement of Financial Position December 31, 2020
Current assets		$151,620		Current liabilities		$110,580
Investments		98,040		Long-term liabilities		193,800
Property, plant, and equipment		241,680		Shareholders equity		266,760
Intangible assets		36,480
Other assets		43,320
		$571,140				$571,140

The following additional information is available:

1.		Current Assets include the following: bank account with an overdraft balance of $17,100; inventory with a FIFO cost of $99,180 and a net realizable value of $96,900; accounts receivable of $75,240 less allowance for doubtful accounts of $3,420.
2.		Investments include the following: a mortgage receivable from parent company $68,400, due in 2025; FV-NI investments held for trading with a cost of $11,400 and a fair value of $13,680; FV-OCI investments with a cost of $17,100 and a fair value of $15,960.
3.		Property, Plant and Equipment include the following: land $27,360; buildings $495,900 less accumulated depreciation of $330,600; vehicles $90,060 less accumulated depreciation of $55,860; land held for future use $14,820.
4.		Intangible assets include the following:patents net of accumulated amortization of $36,480.
5.		Other assets include the following: customer deposits of $7,980, unearned revenue of $3,420, goodwill $50,160 and accumulated other comprehensive income (loss) of $(4,560).
6.		Current Liabilities include the following: pension obligation of $61,560, interest payable of $4,560; salaries and wages payable of $9,120; accounts payable $35,340.
7.		Long-term Liabilities include the following:demand bank loan of $85,500; mortgage payable $108,300 of which $7,980 is due in the next year.
8.		Shareholders Equity has 1,140 preferred shares (34,200 authorized) which were issued at an average price of $75 per share, and an unlimited number of authorized common shares with 62,700 shares issued at an average price of $1 per share, retained earnings of $118,560.

Prepare a statement of financial position in good form. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Vehicles.)