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Included in a Company's December 31, 2020, trial balance are the following accounts: Prepaid Insurance $4,200, Held-for-Collection Securities in 6 months $56,000, Non-trading securities held
Included in a Company's December 31, 2020, trial balance are the following accounts: Prepaid Insurance $4,200, Held-for-Collection Securities in 6 months $56,000, Non-trading securities held for six years $ 15,000, Unearned Service Revenue $17,000, Land Held for Investment $39,000, and Notes Receivable (long-term) $42,000, Sinking fund $30,000.
Required: Prepare the long-term investments section of the statement of financial position.
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