Q1. Given the following account information for Leong Corporation, prepare a statement of financial position in report form for the company as of December 31, 2012. All accounts have normal balances. Equipment 40,000 Interest Expense 2,400 Interest Payable 600 Retained Earnings ? Dividends 50,400 Land 137,320 Inventory 102,000 Bonds Payable 78,000 Notes Payable (due in 6 months) 14,400 Share capital-ordinary 60,000 Accumulated Depreciation - Eq. 10,000 Prepaid Advertising 5,000 Revenue 331,400 Buildings 80,400 Supplies 1,860 Taxes Payable 3,000 Utilities Expense 1,320 Advertising Expense 1,560 Salary Expense 53,040 Salaries Payable 900 Accumulated Depr.- Bld. 15,000 Cash 30,000 Depreciation Expense, Building & Equipment 8,000