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 )

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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

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.)