in details please

this is a question in intermediate accounting course

E5-5 (Preparation of a Corrected Statement of Financial Position) Bruno Company has decided to expand its operations. The bookkeeper recently completed the statement of financial position shown on the 260,000 340,000 401,000 140,000 570,000 160,000 175,000 BRUNO COMPANY STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2015 Current assets Cash Accounts receivable (net) Inventory (at lower-of-average-cost-or-net realizable value) Trading securities--at cost (fair value 120,000) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets Goodwill Other identifiable assets Prepaid expenses Current liabilities Accounts payable Notes payable (due next year) Pension liability Rent payable Premium on bonds payable Non-current liabilities Bonds payable Equity Share capital - ordinary, 1.00 par, authorized 400,000 shares, issued 290,000 Share premium-ordinary Retained earnings 80,000 90,000 12,000 135,000 125,000 82,000 49,000 53,000 500,000 290,000 180,000 ? Instructions Prepare a revised statement of financial position given the available information. Assume that the accumu- lated depreciation balance for the buildings is 160,000 and for the equipment, 105,000. The allowance for doubtful accounts has a balance of 17,000. The pension liability is considered a non-current liability