Equipment (net) Land held for future use Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable 290,000 305,000 87,000 102,000 17,000 205,000 165,000 99,000 61,000 Long-term liabilities Bridgeport Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: Less : Accumulated Depreciation - Equipment Goodwill Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Notes Payable Rent Payable Bank Overdraft Total Current Assets Long-Term Investments Bond Sinking Fund Investment Land Held for Future Use Land Held for Future Use Property, Plant, and Equipment Buildings $ Less : Accumulated Depreciation - Buildings Equipment December 31, 2023 Assets Current Assets Cash FV-NI Investments Accounts Receivable Less : Allowance for Expected Credit Losses inventory Prepaid Expenses Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $250,000 and that the accumulated depreciation balance for the equipment is $195,000. The allowance for expected credit losses has a balance of $30,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings, and Equipment.) Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity Equipment (net) Land held for future use Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable 290,000 305,000 87,000 102,000 17,000 205,000 165,000 99,000 61,000 Long-term liabilities Bridgeport Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: Less : Accumulated Depreciation - Equipment Goodwill Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Notes Payable Rent Payable Bank Overdraft Total Current Assets Long-Term Investments Bond Sinking Fund Investment Land Held for Future Use Land Held for Future Use Property, Plant, and Equipment Buildings $ Less : Accumulated Depreciation - Buildings Equipment December 31, 2023 Assets Current Assets Cash FV-NI Investments Accounts Receivable Less : Allowance for Expected Credit Losses inventory Prepaid Expenses Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $250,000 and that the accumulated depreciation balance for the equipment is $195,000. The allowance for expected credit losses has a balance of $30,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings, and Equipment.) Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity