Flounder Corp's statement of financial position at the end of 2022 included the following items: Current assets Land Buildings Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Intangible assets-patents Total $1,275,000 30,500 1,250,000 331,000 (137,000) (12,400) 41,900 $2,779,000 Current liabilities Bonds payable Common shares Retained earnings Total $1,152,000 1,251,000 186,000 190,000 $2,779,000 The following information is available for the 2023 fiscal year: Net income was $400,000. Interest paid is treated as an operating activity. 2. Equipment (cost of $21,300 and accumulated depreciation of $8,160) was sold for $10.600. Depreciation expense was $4,190 on the building and $9,160 on equipment. Amortization expense on a patent was $3,140. Current assets other than cash increased by $38,000. Current liabilities increased by $24,000. An addition to a building was completed at a cost of $31,600. An FV-OCI investment in shares was purchased for $21,700 on the last day of the year. This was the first such investment made by Flounder in its history. Bonds payable of $76,300 were issued at par. Cash dividends of $186,000 were declared and paid. Dividends paid are treated as financing activities. 1. 3. 4. 5. 6. 7. 8. 9. Flounder prepares financial statements in accordance with IFRS. Prepare a statement of financial position (SFP) as at December 31, 2023. (Hint: You will need to adjust ("plug") the December 31, 2023 amount of current assets to ensure the SFP balances) (List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.) Current Assets FV-OC) Investments Property, Plant, And Equipment Land Flounder Corp. Statement of Financial Position December 31, 2023 Assets