Statement of financial position items for Concord Inc. follow for the current year, 2020:

Goodwill

$ 137,500

Accumulated depreciationequipment

$ 321,200

Bank loan

195,350

Inventory

263,780

Bonds payable due 2024 312,000

Rent payable

49,500

Cash

396,000

Income tax payable

108,198

Land

528,000

Rent payable (long-term)

528,000

Notes receivable

490,270

Common shares (20,000 shares issued)

220,000

Notes payable

291,500

Preferred shares (15,000 shares issued)

165,000

Accounts payable

539,000

Prepaid expenses

96,712

Retained earnings

? Equipment

1,617,000

Income tax receivable

107,393

FV-NI investments

133,100

Notes payable (due in five years)

1,760,000

Accumulated depreciationbuildings

297,220

Buildings

1,804,000

(a)

Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and 20,000 preferred. Assume that income tax accounts, notes receivable, bank loan, and notes payable are short-term, unless stated otherwise, and that the FV-NI investments are stated at fair value. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

Question 23 of 24 View Policies Current Attempt in Progress Statement of financial position items for Concord Inc. follow for the current year, 2020: Goodwill $ 137,500 Accumulated depreciation-equipment Inventory $321,200 Bank loan 195,350 263.780 Bonds payable due 2024 312,000 Rent payable 49,500 Cash 396,000 Income tax payable 108,198 Land 528,000 528,000 490.270 220,000 291,500 Rent payable (long-term) Common shares (20,000 shares issued) Preferred shares (15,000 shares issued) Prepaid expenses Equipment Notes receivable Notes payable Accounts payable Retained earnings Income tax receivable Notes payable (due in five years) 165,000 539,000 96,712 ? 1,617,000 107,393 FV-NI investments 133,100 1.760,000 Accumulated depreciation ---buildings 297.220 Buildings 1.804,000 (a) Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and 20,000 preferred. Assume that income tax accounts, notes receivable, bank loan, and notes payable are short-term, unless stated 20 (a) Prepare a classified statement of financial position in good form. The numbers of thorized shares are as follows unlimited common and 20.000 preferred. Assume that income tax accounts, notes receivable bank loan and notes payable are short-term unless stated otherwise, and that the FV-Ni Investments are stated atfair value List Current Assets in order of liquidity List Property Plant and Equipment in order of Land, Buildings and Equipment) Concord Inc Statement of Financial Position Assets MacBook Pro ce T 1 u NO 7 I UR 6 7 8 0 Q W E R T Y C 4 y 1 K 0 E H r S F D B G H J Rock bl A L P N . 00 C C N V M M 4 T b a all de command * control option COATE - /20 !!! $ 40 . Liabilities and Shareholders' Equity MacBook Pro esc FI FE SO . 7 2 # 3 $ 4 % 5 6 & 7 8 Liabilities and Shareholders' Equity . $ MacBook Pro -20 MacBook Pro 40 1 2 5 % 5 6 UN 3 B E R 0 T Q A y Y K U E H O L P CA S bl D B F E G H A J n K P L N 4 V M o M B N T U contro 3 Command on Cand