prepare a classified statement of financial position. assume that $15,500 of the bank loan payable will be paid in 2026.

These items are taken from the financial statements of Pina Colada Corp. at December 31, 2025 . Calculate the net income for the year. Prepare a classified statement of financial position. Assume that $15,500 of the bank loan payable will be paid in 2026. (L/st Property, Plant and Equipment in order of Land, Buildings and Equipment. List Current Assets in order of liquidity.)