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Sutra Fit Corp. (Sutra) has the following balance sheet items in its trial balance as at December 31, 2020: Goodwill Bank loan Bonds payable, due

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Sutra Fit Corp. (Sutra) has the following balance sheet items in its trial balance as at December 31, 2020: Goodwill Bank loan Bonds payable, due 2023 Cash Land Notes receivable 2,920,000 2,398,000 450,000 983,620 4,800,000 Notes payable 1,250,000 Accumulated depreciation - buildings 1,775,910 Inventory 2,700,000 Rent payable 3,600,000 Income tax payable 4,800,000 Rent payable (long-term) 4,457,000 Common shares (200,000 shares issued) 2,650,000 Preferred shares (150,000 issued) 4,900,000 Prepaid expenses ? Buildings 976,300 FV-NI Investments Accumulated depreciation 16,000,000 Equipment 16,400,000 2,000,000 Accounts payable Retained earnings Income tax receivable Notes payable, due in four years Equipment 1,500,000 879,200 14,700,000 1,210,000 2,702,000 Instructions: Prepare a classified balance sheet for Sutra as at December 31, 2020. Assume that income tax accounts, notes receivable, investments, bank loan and notes payable are short-term, unless stated otherwise. Assume that the FV-Nl investments are currently stated at their fair value. Show ALL calculations for full marks

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