Relax Company provided the following information for the purpose of presenting the statement of financial position on December 31, 2020:

Retained Earnings 87,600

Cash 32,800

Common stock 20,000

Inventory 39,800

Long-term liabilities 25,000

Leasehold Improvements 100,000

Accrued Expenses 1,000

Accumulated Depreciation (2,000)

Accounts Payable 49,000

Trademarks 20,000

Accumulated Amortization (8,000)

Required: Prepare in good form a properly classified statement of financial position on December 31,2020 with supporting notes and computations.