Lets say that you are the accountant in Toyota Corporation and you are asked to prepare Statement of Financial position (balance sheet) for the year end 2019 to understand the financial position of the corporation. The information is given as bellow: Cash at bank (20000), cash in hand (43000), loan from bank (89000), sale tax payable (10000), bond (152000), account receivable (54000), Land and building (123000), Initial capital (250000), Net loss during the year (22000), investment (130000), tools and equipment (40000), account payable (53000), outstanding expenses (35000), prepaid expenses (61000), Plant and Machinery (91000), inventories (85000), overdraft (20000), note receivable (45000), note payable (42000), copyright (75000), trade mark (34000), long term loan (208000), goodwill (50000), income received in advance (32000), accrued income (34000), drawing make by owner (13000), additional investment made by owner (40000), furniture and fixture (65000), rent payable (20000), salary payable (34000). Note: 1- Loan from bank is short term loan. 2- Investment is long term. 3- Note payable is short term but note receivable is long term.