On December 31, 2019, Clean and White Linen Supplies Ltd. had the following account balances:

Cash		$90,000		Accumulated Depreciation, Equipment		$90,000
Accounts Receivable		96,000		Accounts Payable		60,000
Inventory		60,000		Wages Payable		8,000
Supplies		2,000		Bank Loan Payable		150,000
Long-Term Investment		80,000		Common Shares		250,000
Equipment		330,000		Retained Earnings		100,000

In 2020, the following transactions occurred:

1.		On January 1, paid $4,200 for a three-year fire insurance policy.
2.		Purchased additional uniform inventory on credit for $147,100.
3.		Sold uniforms for $192,100 on account. The inventory that was sold had been purchased for $100,000.
4.		Performed cleaning services for customers for $544,400. One-quarter of this amount was paid in cash and the remainder was on account.
5.		Paid $139,200 to suppliers to settle some of the accounts payable.
6.		Received $246,000 from customers to settle amounts owed to the company.
7.		Paid $15,200 for advertising.
8.		At the end of 2020, paid the interest on the bank loan for the year at the rate of 7%, as well as $34,500 on the principal. The remaining principal balance is due in three years.
9.		Received a $3,000 dividend from the long-term investment.
10.		Paid $19,800 for utilities for the year.
11.		Declared and paid dividends of $13,100 at the end of the year.
12.		Paid $102,000 for wages during the year. At year end, the company owed another $2,000 to the employees for the last week of work in December.
13.		Depreciated the equipment for the year. The company had bought its equipment at the beginning of 2017, and it was expected to last 10 years and have a residual value of $30,000. The company depreciates its equipment using the straight-line method.
14.		Made an adjustment for the cost of the insurance that expired in 2020.

Prepare a statement of financial position for 2020. (List Current Assets in order of liquidity.)

Clean and White Linen Supplies Ltd. Statement of Financial Position