The bookkeeper prepared the following balance sheet as at December 31, 2019:

Snowflake Corp

Balance Sheet

December 31, 2019

Cash	$ 188,700		Current Liabilities	$ 1,187,500
Accounts Receivable (net)	377,750		Long-term Liabilities	2,187,500
Inventories	825,000		Shareholders Equity	2,474,000
Investments	248,000
Land	1,950,000
Building (net)	2,239,550
Copyright (net)	20,000
	$5,849,000			$5,849,000

The following additional information is provided:

1. The cash balance includes:

Petty cash fund	$ 1,100
Cash advance to employee, payable on demand	4,400
Saving Account at TD Bank	101,200
Certificate of deposit (90-days)	50,000
Chequing account at the Bank of Montreal	33,500
Bank overdraft at the Scotia Bank (no other accounts are held at this bank) BankCIBC)	(1,500)

2. The ending balance in the allowance for doubtful accounts is $35,250. At the beginning of the year the balance in the allowance for doubtful accounts was $22,500. During the year the company wrote off $28,000 for specific customers that were having financial difficulty and couldnt pay what they owed Snowflake Inc. Included in the accounts receivable balance was $245,000 which was assigned to Cornwall Bank on December 31as security for a loan (collateral), the loan bears annual interests at 8% and is due on April 1, 2020.

3. The net realizable value of the inventory that is included in the Balance Sheet is $950,000. Inventories do not include $112,500 of merchandise that was in transit at December 31. Of this amount, $50,000 was sold to a customer with terms f.o.b. destination point, and the remainder was shipped to Cruise Ltd. for consignment. The net realizable inventory for the goods in transit was $80,000 and for the consignment goods it was $92,500.

4. The investments section includes the following: notes receivable that was issued on September 1^st, 2019 bearing interest at 6% and due on August 31, 2020 $110,000; long-term FV-OCI investment $88,000 carrying value (fair value $37,500 at December 31,2019); and FV-NI Investment 1,000 common shares of Landon Inc. purchased at $50.00 per share (fair value $56.00 per share at December 31,2019). Snowflake expects to sell the shares as soon as the market price increases next year.

5. The land balance includes: land used for operations and recorded at its appraised value of $1,950,000 (the original cost of the land was $1,375,000)

6. The building originally cost $2,750,000. Depreciation for 2019 has already been recorded.

7. The copyright originally cost $50,000 and is being amortized over 5 years on a straight-line basis. Amortization for 2019 had already been recorded.

I-) The company is a Canadian public company. Restate the asset side of Springs Statement of

Financial Position sheet at December 31, 2019 in good form, including any disclosure

requirements. The categories are: Current Assets, Long-term Investments, Property, Plant &

Equipment and Intangible Assets.

II-)Based on any changes to the value of the assets what account would

III-)Assuming the Accumulated Other Comprehensive Income was $10,000 at the beginning of 2019,

what would be the Accumulated Other Comprehensive Income at the end of the 2019?

be included in the Statement

of Earnings and what section would each of the items be included in? Exclude depreciation expense and amortization expense