ns e statement of financial position. Briefly describe the proper treatment of any item that you find inc company follows IFRS comparative statement of financial position for Spencer Corporation follows: SPENCER CORPORATION Statement of Financial Position December 31 2017 $65,000 29,000 Accounts receivable Inventory Investments in shares (fair value through OCI) 87,000 133,000 59,000 81,000 84,000 -63,000) Stl 65,000 103,000 Equipment Accumulated depreciation-equipment Goodwill 390,000 430,000 124,000 810,000 $873,000 (117,000) (86,000) 173,000 Total Liabilities and Shareholders' Equity Accounts payable Dividends payable Notes payable Common shares Retained earnings Accumulated other comprehensive income $ 12,000 51,000 32,000 15,000 220,000 335,000 125,000 284,000 $810,000 $873,000