Q3. What formats are used to prepare Statement of Financial Position? Prepare a Statement of Financial Position of MNT Company for the year ended 31st December, 2015 in a proper format from the following list of accounts: (2 Marks) List of Accounts Amount ($) Long Term Investments 51,0001 Land 68,500 Buildings 165,000 Equipment 170,000 Goodwill 15,000 Patents 5,5001 Inventories 270,0001 Account Receivable 90,500 Prepaid Expenses 28,000 Short term investments 27,000 Cash and cash equivalents 26,500 Share Capital-Ordinary 210,000 Share Capital-Preference 220,000 Retained Earnings 93,500 Bonds (Liabilities due January 31, 2025 233,750 Notes payable 44,000 Account payable 108,350 Salary payable 4,2001 Deposits received from customers 3,200