Instructions: Prepare a statement of financial position using the given below. 1. From the post-closing trial balance of Ochoa Enterprises, prepare a statement of financial position using account form and report form. Ochoa Enterprises Post-Closing Trial Balance December 31, 201A Debit Credit Cash in bank Petty Cash Fund Accounts Receivable Allowance for Bad Debts Prepaid Supplies Prepaid Insurance P 345,000 10,000 350,000 P 28,000 270,000 5,000 Prepaid Rent 250,000 Office Equipment Accumulated Depreciation - Office Equipment 140,000 14,000 Laboratory Equipment 800,000 Accumulated Depreciation - Laboratory Equipment 80,000 Accrued Expenses 6,600 Accounts Payable 140,000 Notes Payable 200,000 SSS, PhilHealth, HDMF Payable 10,400 Withholding taxes Payable R. Ochoa, Capital R. Ochoa, Drawings 29,000 1,912,000 250,000 P 2,420,000 P 2,420,000