The Ideal Co., a machinery dealer, has just completed a year of operations. The following Balance Sheet and Notes were prepared by the company's bookkeeper. Balance Sheet - For the time ended December 31, 2020 Assets Cash in current account (note 1) Accounts receivable (note 2) Note receivable, due May 2022 Machinery held for resale Truck (note 3) $ 43,000 162,000 210,000 342,500 50.000 $807.500 Equities Accounts payable (note 4) Common shares (30,000 authorized and issued) Accumulated surplus S 98,000 300,000 409.500 $807 500 Notes 1. Cash balance is comprised of the following Cash on hand Bank of Calgary chequing account Bank of Manitoba chequing account overdraft $ 500 52.000 (9.500) S43,000 2. The customer accounts in Accounts receivable are comprised of the following: Debit balances (net of estimated uncollectible amounts) $178,000 Credit balances (16,000) I $162,000 3. The truck was purchased on January 4, 2020 for $50,000 Depreciation of $9,000 has not yet been recorded for the equipment for the year 4. Accounts payable is composed of the following balances Amounts owing to suppliers $48.000 Bank loan payable (due on demand, secured by machinery 50 000 $98.000 Required: On the following page, prepare a corrected classified Statement of Financial Position for only the assets section for the ideal Co as at December 31, 2020 Use appropriate IFRS format and terminology A template is provided for your response