Question $2[44$ points$]$

Below is the comparative statement of financial position for Swan Furnace Cleaners, a company that reports under IFRS:

Additional information regarding the statements:

The short term investment is a $60-$day term deposit in the same bank.

During $2022,$ the company purchased new office equipment for $$24,000$ cash. Old office equipment was sold for cash, generating a gain of $$13,000.$

Cash dividends were paid during $2022.$ No share dividends were declared.

During $2022,$ a copyright was purchased for $$139,500.$ This was the only sale or purchase in this account.

The company accounts for its investment property, land using the fair value model through net income $($FV$-$NI$).$ There were no sales or purchases in this account during the year.

The company accounts for its investment in bonds using the amortized cost model. All bonds were purchased at par.

The Income summary account had a debit balance of $$65,000$ for $2022.$ Total income tax expense was $$25,500.$ Interest expense was $$11,000.$ Depreciation expense was $$47,500.$

Swan Furnace Cleaners reports its dividends paid as a financing activity.

$\backslash$table$[[\backslash$table$[[$Swan Furnace Cleaners$],[$Statement of Financial Position$]]],[,$As of December $31,2022,2021],[,$Assets:,,$],[,$Cash.,$$0,$$$86,000],[,$Short term investment...,$53,500,79,000],[$X$,$Accounts receivable.,$106,500,125,500],[$X$,$Prepaid insurance.,$39,500,46,500],[$X$,$Equipment.,$77,000,103,000],[$X$,$Accumulated depreciation, equipment.............,$(4,500),(4,000)$