Make a Statement of Financial Position of Gel-Ink Company - December 31, 2017

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Cash in Bank 1, 800,000 Short-term Bank Loan 85,000 Accrued Expenses 12,000 Accounts Receivable 500,000 Accumulated Depreciation - Building 35,000 Allowance for Doubtful Accounts 100,000 Accumulated Depreciation - Machinery 15,000 Building 180,000 Bonds Payable 600,000 Deferred Tax Liability 100,000 Share Premium 653,400 Retained Earnings 950,550 Prepaid Expenses 50,000 Advances to Employees 8,000 Share Capital 2,000,000 Good will 330,000 Machinery 480,000 Patent 500,000 Land 700,000 Cash surrender value of life insurance 3,000