Question one: 25 points The following are the ending balances of accounts at December 31, 2019, for the Remal Corporation. Account Title Debits Credits Cash $ 25,000 Accounts receivable 56,000 Inventories 81,000 Interest payable $ 10,000 Marketable securities 44,000 Land 120,000 Buildings 300,000 Bonds due in 2025 250,000 Equipment 75,000 Accumulated depreciationequipment 25,000 Copyright (net of amortization) 12,000 Prepaid expenses (next 12 months) 32,000 Accounts payable 65,000 Investment in building 330,000 Unearned revenues (next 12 months) 20,000 Investment in treasury bills 350000 Notes payable 250,000 Allowance for uncollectible accounts 5,000 Ordinary Shares 200,000 Premium ordinary 100,000 Treasury shares 20,000 Other comprehensive income 25,000 Preference shares 100,000 Premium preference 50,000 Non-controlling interest 100,000 Retained earnings 70,000 Totals $1,350,000 $1,350,000 =========== =========== Additional Information: 1. The $120,000 balance in the land account consists of $100,000 for the cost of land where the plant and office buildings are located. The remaining $20,000 represents the cost of land being held for speculation. 2. The $44,000 in the marketable securities account represents an investment in the ordinary shares of another corporation. Remal Corp. intends to sell one-half of the shares within the next year. 3. The notes payable account consists of a $100,000 note due in six months and a $150,000 note due in three annual installments of $50,000 each, with the first payment due in August of 2020. 4. ordinary share par value was $1 and 10$ par value preference. Required: Prepare a classified statement of financial position for the Remal Corporation at December