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hese items are taken from the financial statements of Flint Corp. at December 31, 2018. Buildings $116,380 Accounts receivable 13,860 Prepaid insurance 5,148 Cash 13,024

hese items are taken from the financial statements of Flint Corp. at December 31, 2018.

Buildings $116,380
Accounts receivable 13,860
Prepaid insurance 5,148
Cash 13,024
Equipment 90,640
Land 67,320
Office expense 638
Income tax expense 220
Depreciation expense 5,830
Interest expense 2,860
Common shares 68,200
Retained earnings (January 1, 2018) 44,000
Accumulated depreciationbuilding 50,160
Accounts payable 9,240
Income taxes payable 1,210
Bank loan payable (due July 1, 2020) 102,960
Accumulated depreciationequipment 20,592
Interest payable 3,960
Sales 15,598

Prepare a classified statement of financial position. Assume that $14,960 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.)

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Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation Equipment Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Debt Investments Depreciation Expense Dividends Equipment Gasoline Expense Goodwill Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Investment in Ordinary Shares Land Maintenance and Repairs Expense Mortgage Payable Mortgage Payable Current Portion Notes Payable Notes Receivable Patents Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Selling Expense Selling and Administrative Expenses Service Revenue Stock Investments Supplies Supplies Expense Traden arks earned Sales Revenue CE ALINT CORP Statement of Financial Position For the Year Ended December 31, 2018 Assets Current Assets Cash 13,024 Accounts Receivable 13,860 Prepaid Insurance 5.140 Total Current Assets 32.032 Property. Plant, and Equipment Buildings $ 116,380 Net Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Income Tax Payable Interest Payable Total Current Liabilities Non-Current Labilities Bank Loan Payable Total Liabilities and Shareholders' Equity $

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