The following statement of financial position was prepared by the bookkeeper for Kraus Company as of December 31, 2019. Kraus Company Statement of Financial Position as of December 31, 2019 Investments L 76,300 Equity (215,500 Equipment (net) 96,000 Non-current liabilities 100,000 Patents 32,000 Accounts payable 78,000 Inventories 57,000 Accounts receivable (net) 52,200 Cash 80.000 $393,500 1393.500 The following additional information is provided: 1. Inventories do not include goods costing $5,000 shipped out on consignment. Receivables of $5,000 were recorded on these goods. 2. Equipment costing $5,000 with accumulated depreciation f4,000 is no longer used and is held for sale. Accumulated depreciation on the other equipment is f40,000. Instructions Prepare a statement of financial position in good form (shareholders' equity details can be omitted. )