Moore Tools Company started business on Octaber $1,2023.$ Its fiscal wear funs through to September $30$ of the following year. The fallowing transactions occurred in the fiscal year that started on October $1,2023,$ ard ended on September $30,2024.$

Or October $1.2023,$ Margaret Moore inwested $$175,$ Co$0$ to start the husiness: Moore is the only owner. She was issued $10\mathrm{.}000$ commonshares.

On October $1$ Moore Tools borrowed $$224,500$ from a wenture capitalist $($a lender who specializes in start$-$up companies$)$ and signed a note payable.

On October $1,$ the company rented a building. The rental agreement was a two$-$kear contract requiring quarterly rental paymentskevery three months$)$ of $$14,000,$ payable in advance. The first payment was made on October $1,2023($ccvering the period from October $1$ to December $31).$ Thereatter. pawments were due on December $31,$ March $31,$ June $30,$ and September $30$ foreach three$-$month period that followed. All of the rental payments were made as specified in the agreement.

Ori October $1$ the company purchased equipment costing $$226,600$ for cash.

Initial inventory waspurchased for $$95,000$ cash.

Additional purchases of inwentory dufing the vear totalled $$575,000,$ all on account,

Sales during the vear totalled $$939,000$ of which $$845,100$ were on account.

Collections from customers on account totalled $$656,500.$

Papments to suppliers on account totalled $$520000.$

The cost of the imventory that was sold during the year was $$554,500.$

Prepare a statement of finankial position for $2024.($List assets in order of Iquidity$))$

Moore Tools Campany

Statement of Financlal Position

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