The comparative unclassified statement of financial position for Cullumber Ltd. follows: CULLUMBERLTD. Statement of Financial Position December 31 Assets 2021 2020 Cash $55,000 $22,000 Accounts receivable 83,000 75,500 Inventory 170,000 176,500 Estimated inventory returns 7,000 5,000 Long-term investments 76,000 125,000 Equipment 250,000 188,000 Accumulated depreciation (75,000 ) (30,000) Total assets $566,000 $562,000 Liabilities and Shareholders' Equity Accounts payable $27,000 $41,000 Refund liability 5,000 4,000 Bank loan payable (noncurrent) 104,000 209,000 Common shares 215,000 170,000 Retained earnings 215,000 138,000 Total liabilities and shareholders' equity $566,000 $562,000