The accountant for 123 Corporation has prepared the following statement of financial position as at December 31, 2021: Cash 123 CORPORATION Statement of Financial Position As at December 31, 2021 $81,000 Accounts payable 45,700 Long-term liabilities 70,000 Shareholders' equity 268,000 35,000 $499,700 $48,000 95,000 356,700 Accounts receivable (net) Inventory Equipment (net) Patents $499,700 The following additional information is provided: 1. Cash includes $2,700 in a petty cash fund and $32,000 in a bond sinking fund. 2. The net accounts receivable balance is composed of the following three items: (a) accounts receivable debit balances $59,000; (b) accounts receivable credit balances $9,000; (c) allowance for doubtful accounts $4,300. 3. Inventory costing $6,500 was shipped out on consignment on December 31, 2021. The ending inventory balance does not include the consigned goods. Receivables of $6,500 were recognized on these consigned goods. 4. Equipment had a cost of $303,000 and an accumulated depreciation balance of $35,000. 5. Income Tax Payable of $9,700 was accrued on December 31. However, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income tax payable account. 6. Long-term liabilities are bonds payable issued at par, due in 2026. 7. Shareholders' equity is made up of two account balances: Common Shares of $237,800 and Retained Earnings of $118,900. Instructions Use the information available to prepare a corrected classified statement of financial position as at December 31, 2021. (Adjust the account balances based on the additional information.)