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Prepare the Statement of Financial Position for Manahattan Furnitures for the year ending December 2021, using the following information: Cash: $55,000 Equipment & Machinery: $750,000

Prepare the Statement of Financial Position for Manahattan Furnitures for the year ending December 2021, using the following information:

Cash: $55,000

Equipment & Machinery: $750,000

Copyrights & Patents: $135,000

Account Receivables: $75,000

Account Payables: $55,000

Short-term borrowing: $76,000

Long-term debts: $475,000

Equity: ?

Inventory: $86,000

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