Exercise 5-11 (Part Level Submission) Blue Spruce Corp.s statement of financial position at the end of 2016 included the following items: Current assets $1,175,000 Current liabilities $967,600 Land 31,500 Bonds payable 1,301,000 Building 1,230,000 Common shares 192,000 Equipment 325,000 Retained earnings 180,000 Accumulated depreciationbuilding (150,000 ) Accumulated depreciationequipment (12,300 ) Intangible assetspatents 41,400 Total $2,640,600 Total $2,640,600 The following information is available for the 2017 fiscal year: 1. Net income was $410,000. 2. Equipment (cost of $21,200 and accumulated depreciation of $8,110) was sold for $10,500. 3. Depreciation expense was $4,200 on the building and $9,060 on equipment. 4. Patent amortization expense was $3,160. 5. Current assets other than cash increased by $38,000. Current liabilities increased by $29,000. 6. An addition to the building was completed at a cost of $31,700. 7. A fair valueOCI investment in shares was purchased for $21,100 on the last day of the year. This was the first such investment made by Blue Spruce in its history. 8. Bonds payable of $76,300 were issued at par. 9. Cash dividends of $192,000 were declared and paid. Dividends paid are treated as financing activities. Blue Spruce prepares financial statements in accordance with IFRS. Collapse question part (a) Prepare a statement of financial position (SFP) as at December 31, 2017. (Hint: You will need to adjust (plug) the December 31, 2017 amount of current assets to ensure the SFP balances.) (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)