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The bookkeeper for Bramble Corp. has prepared the following statement of financial position as at July 31, 2023: The following additional information is provided: 1. Cash includes $2,700 in a petty cash fund and $23,000 in a bond sinking fund 2. The net accounts receivable balance is composed of the following three items: (a) accounts receivable debit batances $54,000; (b) accounts receivable credit balances $9,700; and (c) allowance for expected credit losses $4,500. 3. Inventory costing $6,500 was shipped out on consignment on July 31,2023 . The ending inventory balance does not inciude the consigned goods. Receivables of $6,500 were recognized on these consigned goods Equipment had a cost of $213,000 and an accumulated depreciation balance of $42,000. 4. Income tax payable of $10,700 was accrued on July 31 . Bramble. however, had set upa cash fund to meet this obligation. This cash fund was not included in the cash batance, but was oftset against the income tax payable account. 6. Long-term liabilities are bonds payable issued at par, due in 2028. 7. Shareholders' equity is made up of two account balances: Common Shares of $175,900 and Retained Earnings of $87,900. (a) Use the information available to prepare a corrected classified statement of financial position as at July 31,2023 . Adjust the account balances based on the additional information) (List Current Assets in order of liquidily) 120 BRAMBLE CORP. Statement of Financial Position Assets s $ Liabilities and Shareholders' Equity Question 2 of 4 Question 2 of 4 $ eTextbook and Media List of Accounts Sive for Later Attempts: 0 of 5 used Sibut Anwer