The following are selected items from the adjusted trial balance for United Corporation as on December 31, 2022

Share Capital 100,000 Notes Payable 1,200

Cash 1,000 Accumulated depreciation 2,800

Properly, plant, and equipment 12,500 Accounts Receivable 1,800

Prepaid expense $ 3,800 Inventory $ 3,400

Depreciation Expense 200 Accounts payable 2,000

Prepare the Assets section in the statement of financial position balance sheet as on December 31, 2022.

Show full steps.