The comparative, unclassified statement of financial position for Wildhorse Ltd. shows the following balances at December 31: Wildhorse Ltd. Statement of Financial Position December 31 2017 Assets Cash Term deposits (maturing in 60 days) Accounts receivable Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total assets Liabilities and Shareholders' Equity Accounts payable Income tax payable Interest payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings Total liabilities and shareholders' equity 2018 $10,000 35,000 44,000 38,000 73,000 180,000 232,000 928,000 523,000 0 74,000 106,000 (141.000) (193,000) 100,000 73,000 (44,000) (24,000) $1,213,000 801,000 $28,000 72,000 6,000 15,000 40,000 900,000 421,000 ,000 64,000 $801,000 3,000 22,000 54,000 163,000 183 43,000 $1,213,000 Additional information regarding 2018 1. Net income was $ 13,0oo. Aloss of $ 26,000 was recorded on the disposal of a small parcel of land. No land was purchased during the year. 3. 2. Again on the disposal of$ 19,000 was recorded when old building was sold for was sold for $45,000 cash.A new building was purchased for $530,000 and depreciation expense on buildings for the year was $47,000. 4. Equipment costing $74,000 was purchased while a loss of $ 11,000 was recorded on equipment that originally cost $47,000 and was sold for $26,000. 5. The company received $518,000 from new bank loans during the year. 6. Dividends were declared and paid during the year 7. No common shares were issued during the year but some were bought back and retired at the amount they were originally issued at