Exercise 4: With the data given below, prepare the statement of financial position as of December 31, 2005 of the company Las Tres Rosas C/P = Short Term L/P = Long Term Cash on hand L. 25,000.00 Cast Crew 125,000.00 Rent Collected in Advance L/P 60,000.00 Bank Loans C/P 20,000.00 Bank Loans L/P 130,000.00 Vehicles 170,000.00 Provision for compensation to employees A/P 60,000.00 Licenses 70,000.00 Inventory 250,000.00 Packaging Material 10,000.00 Retained Earnings 60,000.00 Banks 125,000.00 Insurance Premiums 10,000.00 Suppliers L. 70,000.00 Documents to Pay L/P 120,000.00 Security deposits 10,000.00 Land 125,000.00 Buildings 800,000.00 Various Debtors 40,000.00 Wages and salaries payable 19,000.00 Goodwill 25,000.00 Rents paid in advance 60,000.00 6-month stock investments 70,000.00 Customers 100,000.00 Legal Reserve 20,000.00 Various Creditors C/ P 10,000.00