tempt in Progress Your answer is partially correct. The trial balance of Monty Ltd. at December 31, 2023, follows: Debits Credits Cash Sales revenue $305,000 $10,337,000 FV-NI investments (at fair value) 323,000 Cost of goods sold 5,800,000 Bond investment at amortized cost 449,000 FV-OCI investments (fair value $365,000) 293,000 Notes payable (due in six months) 110,000 Accounts payable 815,000 Selling expenses 2,960,000 Investment income or loss 14,000 Land 330,000 Buildings 2,540,000 36,000 Dividends payable Income tax payable 114,000 Accounts receivable 565,000 Accumulated depreciation-buildings 292,000 Allowance for expected credit losses 43,000 Administrative expenses 1,050,000 261,000 Interest expense 777,000 Inventory Inventory Gain on disposal of land 777,000 50,000 Dividends 50,000 Notes payable (due in five years) 1,050,000 Equipment 750,000 Bonds payable (due in three years) 2,100,000 Accumulated depreciation-equipment 77,000 Intangible assets-franchises (net) 170,000 Common shares 869.000 Intangible assets-patents (net) 245,000 Retained earnings (opening) 864,000 Accumulated other comprehensive income (opening) 97,000 Totals $16,868,000 $16,868,000 "The investment income or loss relates to the FV-NI investments. (a) Prepare a classified statement of financial position as at December 31, 2023. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.) Monty Ltd. Statement of Financial Position December 31, 2023 Assets Current Assets Cash FV-NI Investments Accounts Receivable Monty Ltd. Statement of Financial Position December 31, 2023 Assets 565,000 Less Allowance for Expected Credit Losses (43,000) Inventory Total Current Assets Long-Term Investments Bond Sinking Fund Investment FVOCI Investments Total Long-Term Investments Property, Plant, And Equipment Land Buildings 2,540,000 Less Accumulated Depreciation-Buildings (292,000) Equipment 750,000 $ 305,000 323,000 $22,000 777,000 449,000 365,000 330.000 2,248,000 Equipment 750,000 Less Accumulated Depreciation - Equipment (77,000) Total Property, Plant, And Equipment Intangible Assets Intangible Assets-Franchises (net) Intangible Assets-Patents (net) Total Intangible Assets Total Assets Current Liabilities Accounts Payable Notes Payable Dividends Payable Liabilities and Shareholders' Equity Income Tax Payable Total Current Liabilities Long-Term Liabilities Notes Payable Bonds Payable to 673,000 170,000 245,000 815,000 110,000 36,000 114,000 1,050,000 2,100,000 Current Liabilities Accounts Payable 815,000 Notes Payable Dividends Payable Income Tax Payable Total Current Liabilities Long-Term Liabilities Notes Payable Bonds Payable Total Long-Term Liabilities Total Liabilities Shareholders' Equity Common Shares 110,000 36,000 114.000 1,050,000 2,100,000 869,000 Retained Earnings Accumulated Other Comprehensive Income Total Shareholders' Equity Total Liabilities And Shareholders' Equity v 1,194,000 47.000