For the Year Ended December 31, 2020 Current assets Cash (net of bank overdraft of $31,000) $ 270,000 Accounts receivable (net) 349,000 Inventory at the lower of cost and net realizable value 411,000 FV-NI investments (at cost-fair value $130,000) 150,000 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Investment in bonds to collect cash flows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Long-term liabilities 580,000 170,000 185,000 81,000 91.000 13,000 205,000 135,000 83,000 50,000 Bonds payable 564,000 Shareholders' equity Common shares, unlimited authorized, 300,000 issued 300,000 Contributed surplus 190,000 Retained earnings