Current Attempt in Progress

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

SAGE HILL LIMITED Statement of Financial Position December 31, 2020
Current assets		$146,300		Current liabilities		$106,700
Investments		94,600		Long-term liabilities		187,000
Property, plant, and equipment		233,200		Shareholders equity		257,400
Intangible assets		35,200
Other assets		41,800
		$551,100				$551,100

The following additional information is available:

1.		Current Assets include the following: bank account with an overdraft balance of $16,500; inventory with a FIFO cost of $95,700 and a net realizable value of $93,500; accounts receivable of $72,600 less allowance for doubtful accounts of $3,300.
2.		Investments include the following: a mortgage receivable from parent company $66,000, due in 2025; FV-NI investments held for trading with a cost of $11,000 and a fair value of $13,200; FV-OCI investments with a cost of $16,500 and a fair value of $15,400.
3.		Property, Plant and Equipment include the following: land $26,400; buildings $478,500 less accumulated depreciation of $319,000; vehicles $86,900less accumulated depreciation of $53,900; land held for future use $14,300.
4.		Intangible assets include the following:patents net of accumulated amortization of $35,200.
5.		Other assets include the following: customer deposits of $7,700, unearned revenue of $3,300, goodwill $48,400 and accumulated other comprehensive income (loss) of $(4,400).
6.		Current Liabilities include the following: pension obligation of $59,400, interest payable of $4,400; salaries and wages payable of $8,800; accounts payable $34,100.
7.		Long-term Liabilities include the following:demand bank loan of $82,500; mortgage payable $104,500 of which $7,700 is due in the next year.
8.		Shareholders Equity has 1,100 preferred shares (33,000 authorized) which were issued at an average price of $75 per share, and an unlimited number of authorized common shares with 60,500 shares issued at an average price of $1 per share, retained earnings of $114,400.

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.)