Flint Corp.

Statement of Financial Position

For the Year Ended December $31,2023$

Current assets

Cash $($net of bank overdraft of $$40,000)$

$$450,000$

Accounts receivable $($net$)$

Inventory at the lower of cost and net realizable value

FV$-$NI investments $($at cost$-$fair value $$320,000)$

Property, plant, and equipment

Buildings $($net$)$

$590,000$

Equipment $($net$)$

$190,000$

Land held for future use $,265,000$

Intangible assets

Goodwill

Investment in bonds to collect cash flows, at amortized cost

$100,000$

Prepaid expenses

Current liabilities

Accounts payable

$365,000$

Notes payable $($due next year$)$

Pension obligation

Rent payable

$505,000$

$511,000$

$340,000$

$265,000$

Long$-$term liabilities

Bonds payable

$681,000$

Shareholders' equity

Common shares, unlimited authorized, $380,000$ issued

$380,000$

Contributed surplus

$210,000$

Retained earnings