The bookkeeper for Blue Spruce Corp. has prepared the following statement of nancial position as at July 31,2020: BLUE SPRUCE CORP. Statement of Financial Position As at July 31,2020 Cash $88,000 Notes and accounts payable $56,000 Accounts receivable (net) 52,000 Long-term liabilities 79,000 Inventory 78,000 Shareholders' equity 284,000 Equipment (net) 164,000 Patents (net) 37,000 $419,000 $419,000 The following additional information is provided: 1. Cash includes $1,600 in a petty cash fund and $27,000 in a bond sinking fund. 2. The net accounts receivable balance is composed of the following three items: (3) accounts receivable debit balances $65,000; (b) accounts receivable credit balances $9,200; and (c) allowance for doubtful accounts $3,800. 3. Inventory costing $7,300 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables of $7,300 were recognized on these consigned goods. 4. Equipment had a cost of $203,000 and an accumulated depreciation balance of $39,000. 5. Income Tax Payable of $10,700 was accrued on July 31. Blue Spruce Corp., 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 2025. 7. Shareholders' equity is made up of two account balances: Common Shares of $189,300 and Retained Earnings of $94,700. Use the information available to prepare a corrected classified statement of financial position as at July 31, 2020. (Adjust the account balances based on the additional information.) (List Current Assets in order of liquidity.) BLUE SPRUCE Corp. Statement of Financial Position Assets $ $