Prepare a classified statement of financial position for the Fossil Corporation as of December 31, 2022. The following trial balance Fossil Corporation at December 31, 2022: Investment in held-to-maturity 100,000 Sales 2,046,000 Merchandise Inventory 122,000 Land 50,000 Cash 102,000 Cost Of Goods Sold 1,200,000 Equipment 96,000 Accumulated Depreciation - Equipment (28,000) Depreciation Expense 32,000 Gain on sale of investments 30,000 Share Capital - Ordinary (Outstanding 33.500, Par Value $20) 670,000 Postage Expense 100,000 Sales discounts 150,000 Dividend Revenue 50,000 Treasury Share (150,000) Legal and professional service 50,000 Bad debt Expense 4,000 Account Payable 120,000 Mid Term Examination Semester 2/ AY 2022/2023 Akuntansi Keuangan Menengah I Page 4 of 5 Loss on sale of equipment (6,000) Paten 50,000 Long-terms Note Payable 140,000 Travel and entertainment 150,000 Account Receivable 260,000 Advertising Expenses 50,000 Sales returns and allowances 50,000 Interest Revenue 4,000 Income Taxes payable 20,000 Telephone and Internet expense 10,000 Advertising Expenses 50,000 Allowance for Doubtful Accounts (16,000) Buildings 290,000 Accumulated Depreciation - Buildings (56,000) Miscellaneous office expense 94,000 Utilities expense 10,000 Goodwill 20,000