The following information is available for Ayayai at December 31, 2019. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $127,500 Share Capital 14,410 Retained Earnings (beginning) 4,550 Accumulated Depreciation-Buildings 16,840 Accounts Payable 60,400 Notes Payable 55,000 Accumulated Depreciation-Equipment 780 Interest Payable 7,240 Bowling Revenues 2,100 $100,000 2,570 42,450 11,500 97,580 18,520 2,100 14,100 Prepare a classified statement of financial position. Assume that $12,900 of the notes payable will be paid in 2020. (List Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Ayayai Statement of Financial Position For the Year Ended December 31, 2019 Assets Current Assets Land 550004550 Buildings 127500 Less - Accumulated Depreciation-Buildings 42450 i 85050 Equipment 60400 Less Accumulated Depreciation-Equipment 18520 18520 i 41800 $ 18193 18193 Current Assets Prepaid Insurance 4550 Accounts Receivable 14410 Cash 16840 3580 Total Assets 21773 Equity and Liabilities Equity and Liabilities Current Liabilities Accounts Payable 1150 Interest Payable 210 Long-term Liabilities Notes Payable 9758 Equity Share Capital 100000 Retained Earnings 6550 10655 Total Equity and Liabilities 21773 The following information is available for Ayayai at December 31, 2019. Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $127,500 Share Capital 14,410 Retained Earnings (beginning) 4,550 Accumulated Depreciation-Buildings 16,840 Accounts Payable 60,400 Notes Payable 55,000 Accumulated Depreciation-Equipment 780 Interest Payable 7,240 Bowling Revenues 2,100 $100,000 2,570 42,450 11,500 97,580 18,520 2,100 14,100 Prepare a classified statement of financial position. Assume that $12,900 of the notes payable will be paid in 2020. (List Current Assets in reverse order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Ayayai Statement of Financial Position For the Year Ended December 31, 2019 Assets Current Assets Land 550004550 Buildings 127500 Less - Accumulated Depreciation-Buildings 42450 i 85050 Equipment 60400 Less Accumulated Depreciation-Equipment 18520 18520 i 41800 $ 18193 18193 Current Assets Prepaid Insurance 4550 Accounts Receivable 14410 Cash 16840 3580 Total Assets 21773 Equity and Liabilities Equity and Liabilities Current Liabilities Accounts Payable 1150 Interest Payable 210 Long-term Liabilities Notes Payable 9758 Equity Share Capital 100000 Retained Earnings 6550 10655 Total Equity and Liabilities 21773