Question 8 (10 marks) Selected accounts follow of Beta Ltd. at December 31, 2020: Finished Goods Inventory $456,000 Cost of Goods Sold Uneamed Revenue 270,000 Notes Receivable Bank Overdraft 24,000 Accounts Receivable Equipment 759,000 Raw Materials Inventory Work-in-Process Inventory 102,000 Supplies Expense Cash 150,000 Allowance for Doubtful Accounts FV-NI Investments 93,000 Intangible Assets-Trade Names Interest Payable 108,000 Contributed Surplus Restricted Cash (for Plant Expansion) 150,000 Common Shares The following additional information is available: $6,300,000 120,000 483,000 561,000 180,000 36,000 54,000 48,000 816,000 1. Inventory is valued at the lower of cost and net realizable value using FIFO. 2. Equipment is recorded at cost. Accumulated depreciation, calculated on a straight-line basis, is $151,800 3. The FV-NI investments have a fair value of $87,000. 4. The notes receivable are due April 30, 2021, with interest receivable every April 30. The notes bear interest at 6%. 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $150,000 are pledged as collateral on a bank loan. 6. Intangible Assets-Trade Names are reported net of accumulated amortization of $42,000. 7. The bank overdraft is at the same bank as the amount reported above under Cash. Required: Prepare the current assets section of Beta Ltd.'s statement of financial position as at December 31, 2020, with appropriate disclosures