Make a classified statement of financial position as at December 31, 2017. Ignore income taxes. Fill in all the blanks and correct any errors.(List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

*Exercise 5-8 The trial balance of Whispering Winds Ltd. at December 31, 2017, follows: Debits Credits Cash $285,000 Sales revenue $10,809,000 FV-NI investments (at fair value) 273,000 Cost of goods sold 6,100,000 Bond investment at amortized cost 419,000 FV-OCI investments (fair value $535,000) 461,000 Notes payable (due in six months) 99,000 Accounts payable 735,000 Selling expenses 3,060,000 Investment income or loss 11,000 Land 440,000 Buildings 2,140,000 Commission payable 276,000 Accrued liabilities 102,000 Accounts receivable 625,000 Accumulated depreciation-buildings 212,000 Allowance for doubtful accounts 41,000 Administrative expenses 1,040,000 Interest expense 361,000 Inventory 717,000 Gain on sale of land 70,000 Correction of prior year error 50,000 Notes payable (due in five years) 1,040,000 Equipment 740,000 Bonds payable (due in three years) 1,500,000 Accumulated depreciation-equipment 72,000 Intangible assets-franchises (net) 320,000 Common shares 1,009,000 Intangible assets-patents (net) 235,000 Retained earnings 1,208,000 Accumulated other comprehensive income 82,000 Totals $17,266,000 $17,266,000 "The investment income or loss relates to the FV-NI investments. (a)Whispering Winds Ltd. Statement of Financial Position December 31, 2017 Assets Current Assets Cash 285,000 FV-NI Investments 273,000 Accounts Receivable $ 625,000 Less Allowance for Doubtful Accounts -41,000 584,000 Inventory 717,000 Total Current Assets $ 1,859,000 Long-Term Investments bon 419,000 Bond Sinking Fund Investment Bonds Payable Discount on Bonds Payable Premium on Bonds Payable Property, Plant, And Equipment419,000 FV-OCI Investments Total Long-Term Investments Property, Plant, And Equipment Land Buildings Less Accumulated Depreciation - Buildings Equipment Less Accumulated Depreciation - Equipment Total Property, Plant, And Equipment Intangible Assets Intangible Assets-Franchises (net) Intangible Assets-Patents (net) Total Intangible Assets Total Assets