prepare statement of financial statements

uestion 23 (27 points) Popco Manufacturing Corp., a publicly traded enterprise, had the following account balances as at December 31, 2020: Account Pre-collected rent income Land held for speculation only Reserve for depreciation, office equipment Accrued interest on notes payable Treasury Bills Revenues for the year Cost of goods sold Accrued interest on short term investments Accounts receivable - trade Office equipment Building - manufacturing and offices Retained earnings, January 1, 2020 Raw materials inventory Mortgage payable (due in three years) Bank - National Bank Insurance paid in advance of being expensed Cash set aside by bond agreement to settle bond on maturity Finished goods inventory Accrued wages Deposits received from customers for delivery of goods next year Common shares, no par, authorized 100,000 shares, issued 120,000 Petty cash in cash box Reserve for depreciation, building Accounts payable - trade Bonds payable, 12% (due in six years) Preferred shares, $1, no par, authorized 40,000 shares, issued 18,000 shares Balance 2,700 80,000 8,000 3,000 10,000 1,500,000 825,000 6,000 80,000 65,000 200,000 187,600 48,000 30,000 32,000 3,000 52,000 115,000 6,300 3,000 450.000 2,000 16,000 51,000 105,000 204.000 MacBook Air Bonds payable, 12% (due in six years) Preferred shares, $1, no par, authorized 40,000 shares, issued 18,000 shares Accrued property taxes payable Bank - First Canadian Bank Divisional assets ready for disposal, at realizable value Notes receivable - short term Copyrights, net of $3,000 amortization Short term investments at market Trademarks, net of $8,640 amortization Patents, net of $6,000 amortization Accrued interest receivable Land - manufacturing site Excess paid for assets acquired in a business combination Long term investment in bonds (at amortized cost) Bank - First Canadian Bank Cash dividends, declared and paid during 2020 Operating expenses Income taxes payable - current Reserve for customers who may not pay Work-in-process inventory Supplies inventory Notes payable - short term Deferred income tax liability - non-current 105,000 204,000 4,200 45,000 375,000 11,000 35,000 46,000 39,000 40,000 3,500 137,000 50,000 97,000 (6,500) 50,000 250,000 120,000 3,000 68,000 2,400 21,600 45,000 Additional Information: Raw Materials which cost $48,000 under FIFO have a net realizable value of $46,000 Treasury Bills are designated as cash equivalents. Required: Prepare the asset section only of the Statement of Financial Position (in good form, including all headings, subtotals and disclosures). Calculations must be shown in the far right-hand column provided