Question 1 of 3 > - / 13 View Policies Current Attempt in Progress The trial balance of Martinez Ltd. at December 31, 2020, follows: Debits Credits Cash $345,000 Sales revenue $11.434,000 FV-NI investments (at fair value) 293,000 Cost of goods sold 6,100,000 Bond investment at amortized cost 339,000 FV-OCl investments (fair value $505.000) 434,000 Notes payable (due in six months) 118,000 Accounts payable 735.000 Selling expenses 3,860,000 Investment income or loss 14,000 Land 390,000 Buildings 2,940,000 Dividends payable 56.000 Income tax payable 113.000 Accounts receivable 675,000 Accumulated depreciation-buildings 252.000 Allowance for doubtful accounts 28.000 Administrative expenses 1,010,000 Interest expense 221,000 Inventory 867,000 Gain on disposal of land 60,000 Dividends 50,000 Notes payable (due in five years) 1,010,000 Equipment 620,000 Bonds payable (due in three years) 1.700.000 Accumulated depreciation-equipment 73,000 Intangible assets-franchises (net) 180,000 Common shares 849,000 295,000 Intangible assets-patents (net) Retained earnings 2,096,000 Accumulated other comprehensive income 81.000 Totals $18,619,000 $ $18,619,000 The investment income or loss relates to the FV-Nl investments. Prepare a classified statement of financial position as at December 31, 2020. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Martinez Ltd. Statement of Financial Position December 31, 2020 Assets Current Assets Cash $ 345000 Accounts Receivable 675000 $ Less : Allowance for Doubtful Accounts v: Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $