The bookkeeper for Sunland Ltd. has prepared the following statement of financial position as of July 31, 2022 (amounts in thousands).

SUNLAND LTD Statement of Financial Position As of July 31, 2022
Equipment (net)		68,880		Equity		127,510
Patents		17,220		Non-current liabilities		61,500
Inventory		49,200		Notes and accounts payable		36,080
Accounts receivable (net)		33,210				225,090
Cash		56,580
		225,090

The following additional information is provided.

1.		Cash includes 984 in a petty cash fund and 9,840 in a bond sinking fund.
2.		The net accounts receivable balance is comprised of the following three items: (a) accounts receivabledebit balances 42,640, (b) accounts receivablecredit balances 6,560, and (c) allowance for doubtful accounts 2,870.
3.		Inventory costing 4,346 was shipped out on consignment on July 31, 2022. The ending inventory balance does not include the consigned goods. Receivables in the amount of 4,346 were recognized on these consigned goods.
4.		Equipment had a cost of 91,840 and an accumulated depreciation balance of 22,960.
5.		Income taxes payable of 7,380 were accrued on July 31. Sunland Ltd., 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 taxes payable amount.

Prepare a corrected classified statement of financial position as of July 31, 2022, from the available information, adjusting the account balances using the additional information. (List Current Assets in reverse order of liquidity)

SUNLAND LTD Statement of Financial Position July 31, 2022 Assets Non-current Assets 9840 Long-term Investments Bond Sinking Fund Property, plant and Equipment Equipment Less : Accumulated Depreciation Equipment Intangible Assets 91840 22960 68880 Patents 17220 * Total Non-current Assets Current Assets Inventory 53546 Accounts Receivable 49200 Less! Allowance for Doubtful Accounts 2870 Cash Total Current Assets Total Assets Equity and Liabilities Equity Non-current Liabilities 61500 Current Liabilities Notes and Accounts Payable 36080 Income Taxes Payable 7380 Total Current Liabilities Total Liabilities Total Equity and Liabilities