Part 4: Statement of Financial Position (30 minutes) The trial balance of Vancouver Inc. and other related information for the year 2020 follows: VANCOUVER INC. Trial Balance December 31, 2020 Debits Credits Cash $52,000 Accounts receivable 165,500 Allowance for doubtful accounts $9,500 Prepaid insurance 6,800 Inventory 193,600 FV-OCI Investments 339,000 Land 86,000 Construction in progress 124,000 Intangible assets-patents 36,000 Equipment 400,000 Accumulated depreciation-equipment 240,000 Accounts payable 147,200 Accrued liabilities 49,200 Notes payable 94,000 Bonds payable 180,000 Common shares 500,000 Accumulated other comprehensive income 45,000 Retained earnings 138,000 $1,402,900 $1,402,900