Required: A properly classified NOTES to financial statementsDecember 31, 2019.

Amounts Amounts 420,000.00 500,000.00 (50,000.00) 450,000.00 150,000.00 20,000.00 250,000.00 20,000.00 50,000.00 40,000.00 400,000.00 600,000.00 200,000.00 1.200.000,00 2,600,000.00 ISM Industries Statement of financial position As on 31st December, 2019 Assets Current Assets Cash Accounts receivable Allowance for doubtful accounts Notes Receivable Claim receivable Trading Securities Prepaid insurance Factory Supplies Tools Inventories Finished Goods Goods in process Raw Materials Current Assets Non Current Assets Long Term Investments Investment in Bonds Long Term Investments Plant, Property & Equipment Land Building Accumulated depreciation-Building Machinery Accumulated depreciation-Machinery Plant, Property & Equipment Intangible Assets Franchise Goodwill Intangible Assets Other Assets Plant expansion fund Other Assets Total Assets 1,500,000.00 1,500,000.00 1,500,000.00 2.400,000.00 4,000,000.00 1,600,000.00) 2,000,000,00 1.300.000,00) 700,000.00 4,600,000.00 200,000.00 100,000.00 300,000.00 500,000.00 500,000.00 9,500,000.00 1,020,000.00 Liabilities & Stockholder's Equity Liabilities Current Liabilities Accounts payable 300,000.00 Advances from customers 100,000.00 Accrued interest on note payable 10,000.00 Income tax payable 60,000.00 Accrued expenses 30,000.00 Employees income tax payable 20.000.00 Current portion of Serial bonds payable 500,000.00 Current Liabilities Non Current Liabilities Non Current portion of Serial bonds payable 2,000,000.00 Notes payable 100,000.00 Non Current Liabilities Total Liabilities Stockholder's Equity Share capital 5,000,000.00 Share premium 500,000.00 Retained Earnings 880,000.00 Total Stockholder's Equity Total Liabilities & Stockholder's Equity 2,100,000.00 3,120,000.00 6,380,000.00 9.500,000.00