Question Prepare the asset side of the statement of financial position for Royale Inc for December 31, 2019. Royale Inc. shares trade on the Toronto Stock Exchange $10 peferred revenue Common shares $125 inventory $20 cost, $45 market value Money market und Allowance for Doubtful account Prepaid Insurance SOFV-NI Investment $30 cost, $25 market Equipment Accumulated 52 depreciation Depreciation expense Can Accumulated $90 cost Tradename Notes Receivable, 5% taken out on November 1 2019 due November 1 2020 5903ad debt expense FV-OCI Investments Accounts Receivable Cost S5, FV510 S70 cost of goods sold Royale Inc. Statement of Financial Position Dec 31, 2019 Cut Aste Cash and cash equivalents FV-NI Investments at fair value) Accounts receivable Less allowance for doubtful accounts inventory LCM) Notes Receivable Interest Receivable Prepaid Insurance Total current assets 11 ///////// Tong teamvestment FV-OCI Investment 11 111 Plantas Equipment Less accumulated depreciation Intar Art Tradename inet of accumulated amortization of $10) TOLA Asset