The following statement of financial position was prepared by Peter Quill, bookkeeper for Nova Corp.at December 31, 2018.

Nova Corp.

Statement of Financial Position

December 31, 2018

Cash $90,000

Accounts receivable (net) 52,200

Inventories 57,000

Investments 76,300

Equipment (net) 86,000

Patents 32,000

$393,500

Accounts payable $75,000

Long-term liabilities 110,000

Shareholders' equity 208,500

$393,500

The following additional information is provided:

1."Cash" includes prepaid insurance of $9,400; as well, a bank overdraft of $1,500 has been deducted.

2.The net accounts receivable balance includes:

a.accounts receivabledebit balances $62,000;

b.accounts receivablecredit balances $5,000;

c.allowance for doubtful accounts $4,800.

3.Inventories do not include goods costing $5,000 shipped out on consignment. Receivables of $5,000 were recorded on these goods.

4.Investments include investments in common shares, trading $24,000 and long-term $43,300, and franchises $9,000.

5.Equipment costing $8,000 with accumulated depreciation $6,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is $40,000.

What is the statement of financial position in good form (shareholders' equity details can be omitted.)?