Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2015. All accounts ha normal balances. in your opinion, this company has loss or profit in last year why?? n 40,000 2,400 Equipment Interest Expense Interest Payable Retained Earnings 600 ? 50,400 Dividends 157,320 Land 102,000 Inventory 78,000 24,400 Bonds Payable Notes Payable (due in 6 months) Share Capital-Ordinary Accumulated Depreciation - Equip. 60,000 10,000 4,000 Prepaid Advertising 354,400 Revenue 80,400 2,860 Buildings Supplies Taxes Payable Utilities Expense 3,000 1,320 1,560 Advertising Expense 56,040 Salaries and Wages Expense Salaries and Wages Payable Accumulated Depr. - Buildings 900 15,000 Cash 40,000 Depreciation Expense 8,000 Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2015. All accounts ha normal balances. in your opinion, this company has loss or profit in last year why?? tion 40,000 2,400 Equipment Interest Expense Interest Payable Retained Earnings 600 ? 50,400 Dividends 157,320 Land 102,000 Inventory 78,000 24,400 60,000 Bonds Payable Notes Payable (due in 6 months) Share Capital-Ordinary Accumulated Depreciation - Equip. Prepaid Advertising 10,000 4,000 354,400 Revenue 80,400 2,860 Buildings Supplies Taxes Payable 3,000 1,320 Utilities Expense 1.560 Advertising Expense