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The financial statements of Cullumber Corporation show the following information: CULLUMBER CORPORATION Statement of Financial Position December 31, 2020 Assets 2020 2019 Cash $319,000

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The financial statements of Cullumber Corporation show the following information: CULLUMBER CORPORATION Statement of Financial Position December 31, 2020 Assets 2020 2019 Cash $319,000 $327,000 Accounts receivable 159,000 202,500 Fair value through net income investments 149,000 148,000 Inventory 398,000 449,000 Plant assets (net) 495,000 521,000 Intangible assets 127,000 160,000 $1,647,000 $1.807.500

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