Given the following account information for Howard Corporation, prepare a balance sheet in report form for the company as of December 31, 2017. All accounts have normal balances. Assume Howard uses IFRS. Cash is comprised of $50,000 at RBC (bank 1) and a bank overdraft of $5,000 at BMO (bank 2).

Equipment........................................................................................ 60,000

Interest Expense.............................................................................. 2,400

Interest Payable............................................................................... 600

Retained Earnings, beginning.......................................................... 113,200

Dividends.......................................................................................... 50,400

Land.................................................................................................. 137,320

Accounts Receivable....................................................................... 102,000

Bonds Payable................................................................................. 78,000

Accumulated other comprehensive income .. 19,000

Notes Payable (due in 6 months)..................................................... 29,400

Common Stock................................................................................ 70,000

Accumulated DepreciationEquip.................................................. 10,000

Prepaid Advertising.......................................................................... 5,000

Service Revenue............................................................................. 341,400

Buildings........................................................................................... 80,400

Supplies............................................................................................ 1,860

Income Taxes Payable.................................................................... 3,000

Utilities Expense............................................................................... 1,320

Advertising Expense........................................................................ 1,560

Salaries and Wages Expense.......................................................... 53,040

Salaries and Wages Payable........................................................... 900

Accumulated Depr.Bld................................................................. 20,000

Cash................................................................................................. 45,000

Depreciation Expense...................................................................... 8,000

Investment in Bonds to be held to maturity 100,000

FV-OCI Investments (Fair value = 16,000). 12,000

FV-NI Investments 3,200

Assets held for sale .. 22,000