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Financial statements and notes for Knutsford Corporation are below. Knutsford Corporation Statement of Financial Position December 31, 2020 Cash Accounts receivable Prepaid insurance Inventory

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Financial statements and notes for Knutsford Corporation are below. Knutsford Corporation Statement of Financial Position December 31, 2020 Cash Accounts receivable Prepaid insurance Inventory Supplies Investment FVNI (6) Land (1) Buildings (2) Accumulated depreciation, buildings Equipment (3) Accumulated depreciation, equipment Patent (net) Accounts payable Income tax payable Accrued liabilities Dividends payable 2020 82,000 348,000 16,000 398,000 13,000 818,000 1,310,000 (400,000) 632,000 (150,000) 3.7571000 165,000 26,000 57,000 20,000 2019 271,000 35,000 350,000 17,000 800,000 500,000 (360,000) (135,000) S 3,471.000 150,000 35,000 41,000 50,000

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