Prepare a statement of financial position for the year.(List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)

Retained earnings, January 1$213,000

Cash11,900

Salaries payable3,000

Utilities expense2,000

Equipment58,500

Accounts payable18,500

Buildings63,000

Common shares34,200

Dividends declared2,000

Service revenue216,900

Prepaid insurance2,000

Repairs and maintenance expense2,800

Land187,000

Depreciation expense5,700

Accounts receivable14,200

Insurance expense2,200

Salaries expense122,300

Accumulated depreciationequipment19,600

Income tax expense6,000

Supplies200

Operating expense39,400

Supplies expense1,000

Bank loan payable, due 202117,500

Held for trading investments20,500

Accumulated depreciationbuildings19,000

Interest expense1,500Interest revenue500

Additional information:

1.Pharoah started the year with $28,000 of common shares and issued $6,200 more during the year.2.$1,500 of the bank loan payable is due to be repaid within the next year.