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The following account balances were provided by Adam s Company as of December 3 1 , 2 0 2 2 : Notes receivable - trade

The following account balances were provided by Adams
Company as of December 31,2022:
Notes receivable- trade 2,500,000
Notes payable- trade 1,500,000
Income tax payable 250,000
Patent 150,000
Cash on hand awaiting deposit 500,000
Acount receivable- trade 2,000,000
Finished goods 900,000
Claims receivable 200,000
Franchise 200,000
Goods in process 400,000
Goodwill 500,000
Factory supplies 100,000
Office supplies 40,000
Cash in bank 1,400,000
Sinking fund 250,000
Raw materials 300,000
Ordinary shares, par P1008,000,000
Time deposit, due in 60 days 1,000,000
Investment in subsidiary 1,200,000
Allowance for doubtful accounts 200,000
Land 2,500,000
Withholding tax payable 150,000
SSS payable 300,000
Accumulated dpreciation- building 1,500,000
Accumulated depreciation- machinery 1,000,000
Refundable deposit of customers- long term 100,000
Prepaid insurance 180,000
Investment in bonds 500,000
Bonds payable 6,000,000
Building 6,000,000
Machinery 3,000,000
Advances to officers collectible in 20251,800,000
Share premium 200,000
Retianed earnings 3,860,000
Accrued interest on notes receivable 120,000
Deferred tax liability 100,000
Accounts payable 2,500,000
Trading securities 400,000
Cash surrender value 120,000
Retained earnings appropriated for contingencies 500,000
Warranty payable 300,000
Required: Prepare the statement of financial position of Adams
Company as of December 31,2022 with supporting schedule.

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