EXERCISE 5: PREPARING THE STATEMENT OF FINANCIAL POSITION At the end of December 31, 2012, Cougar Inc.'s accounts are as follows: Accumulated depreciation Current income taxes payable $100,000 5,000 Long-term borrowings 25,000 Inventories 90,000 Trade receivables 60,000 Non-current assets (at cost) 300,000 Trade and other payables 40,000 Mortgage 130,000 Accrued expenses 10,000 Future income taxes payable 5,000 Share capital 100,000 Prepaid expenses 10,000 Intangible assets 20,000 Cash and cash equivalents 25,000 Retained earnings 80,000 Short-term borrowings 10,000 Question Prepare Cougar Inc.'s statement of financial position as at December 31, 2012.