Prepare a corrected classified statement of financial position in good form. The notes above are for information only. Assume that you have decided not to use the revaluation model for property, plant, and equipment.

Note 1: Goodwill in the amount of $101,500 was recognized because the company believed that the carrying amount of assets was not an accurate representation of the company's fair value. The gain of $101,500 was credited to Retained Earnings. Note 3: Investments-trading are FV-NI investments and have a fair value of $108,750. Investments in shares (FV-OCI) have a fair value of $290,000. Both investments are currently recorded at cost. Note 4: Notes payable are long term except for the current principal instalment due of $145,000