E4.16 (LO 4) The following items were taken from the financial statements of J. Kung Enterprises. (All amounts are in thousands.) Prepare a classified statement of financial position. HK$ 1,000 Accumulated depreciation equipment HK$ 5,655 Long-term debt Prepaid insurance 650 Accounts payable 1,214 Equipment 11,500 Share investments (long-term) 264 Notes payable (due after 2021) Share capital ordinary 400 11,455 Debt investments (short-term) 3,690 Notes payable (due in 2021) 500 Cash Retained earnings 1,500 Accounts receivable 1,696 2,668 Inventory 1,256 Instructions Prepare a classified statement of financial position in good form as of December 31, 2020.