The bookkeeper for FTI Corp has prepared the following balance sheet as at December 31, 2020:
	FTI Corp
	Balance Sheet
	31-Dec-20
	Cash	$200,500		Current Liabilities	$450,000
	Accounts Receivable (net)	101,200		Long-term Liabilities	900,000
	Inventories	280,000		Shareholders Equity	989,700
	Investments	100,000
	Land	800,000
	Building (net)	850,000
	Copyright (net)	8,000
		$2,339,700			$2,339,700
The following additional information is provided:
1	The cash balance includes:
	Petty cash fund	$200
	Cash advance to employee, payable on demand	4,000
	Saving Account at TD Bank	46,300
	Certificate of deposit (90-days)	120,000
	Chequing account at the Bank of Montreal	31,500
	Bank overdraft at the Scotia Bank (no other accounts are held at this bank) BankCIBC)
	Total	$200,500
2	The allowance for doubtful accounts $12,500.
	Included in the accounts receivable balance was $20,000 which was assigned to Meridian Credit Union on December 31as security for a loan (collateral), the loan bears annual interests at 8% and is due on April 1, 2021.
3	The net realizable value of the inventory that is included in the Balance Sheet is $329,000.
	Inventories do not include $45,000 of merchandise that was in transit at December 31.
	Of this amount, $20,000 was bought from ONG Inc. with terms f.o.b. shipping point (the net realizable value of this inventory was $34,000)
	The remainder of inventory that cost $25,000 was shipped to FTI for consignment. The net realizable value for this inventory is $36,000.
4	The investments section includes the following:
	An interest bearing note receivable of $40,000 that was issued on June 1st, 2020 bearing interest at 4% and is due on June 1, 2021
	Long-term FV-OCI investment $40,000 carrying value (fair value $35,000 at December 31,2020). Management plans on holding on to these investments for a number of years.
	FV-NI Investment 1,000 common shares of Landon Inc. purchased at $20.00 per share (fair value $23.50 per share at December 31,2020). FTI expected to sell the shares as soon as the market price increases more next year.
5	The land balance includes: land used for operations and recorded at its cost of $800,000 (the appraisal value of the land in 2020 was $1,200,000)
6	The building originally cost $1,100,000. Depreciation for 2020 has already been recorded.
7	The patent originally cost $24,000 and is being amortized over 6 years on a straight-line basis. Amortization for 2020 had already been recorded.
Required:
	Part 1
	The company is a Canadian public company. Restate the asset side of FTIs Statement of
	Financial Position sheet at December 31, 2020 in good form. The categories are: Current Assets,
	Long-term Investments, Property, Plant & Equipment and Intangible Assets.
	Part 2
	Including any disclosure requirements.
	Part 3
	Based on any changes to the value of the assets what account would be included in the Statement
	of Earnings and what section would each of the items be included in? Do not include
	Amortization Expense or Bad Debt Expense.
	Part 4
	Assuming the Accumulated Other Comprehensive Income was $20,000 at the beginning of 2020,
	what would be the Accumulated Other Comprehensive Income at the end of the 2020?