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I need help with this question please, I have included the options available in picture 6. Exercise 5-4 a Pronghorn Corp. has decided to expand

I need help with this question please, I have included the options available in picture 6.image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Exercise 5-4 a Pronghorn Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: $450,000 495,000 461,000 340,000 760,000 260,000 195,000 PRONGHORN CORP. Statement of Financial Position For the Year Ended December 31, 2020 Current assets Cash (net of bank overdraft of $35,000) Accounts receivable (net) Inventory at the lower of cost and net realizable value FV-NI investments (at cost-fair value $310,000) 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 Bonds payable Shareholders' equity Common shares, unlimited authorized, 420,000 issued Contributed surplus Retained earnings 87,000 107,000 14,000 325,000 265,000 99,000 58,000 570,000 420,000 220,000 Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account hel different bank from the account with the cash balance. Assume that the accumulated cash balance. Assume that the accumulated depreciation balance for the buildings is $180,000 and ti the accumulated depreciation balance for the equipment is $245,000. The allowance for doubtful accounts has a balance of $23,000. The pens obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, plant and Equipment in order of Buildings and Equipment.) PRONGHORN Corp. Statement of Financial Position Assets $ LA A Liabilities and Shareholders' Equity LA Total Assets Current Assets Long-Term Liabilities Shareholders' Equity Current Liabilities Property, Plant, and Equipment Total Shareholders' Equity Long-Term Investments Total Current Liabilities Total Liabilities and Shareholders' Equity Total Current Assets Total Liabilities

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