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Below is the opening Statement of Financial Position for Peter's Pitch & Putt, a par-3 golf course. Peter's Pitch & Putt Statement of Financial Position as at March 1, 20x5 ASSETS Current Assets Cash Accounts Receivable Supplies Inventories Noncurrent Assets Land Machinery and equipment LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Accounts payable Shareholders' Equity Common Shares Retained Earnings $42,500 6,200 400 4,800 53,900 400,000 24,000 424,000 $477,900 $8.600 300,000 169,300 468,900 $477,900