The statement of financial position of Blue Spruce Corporation follows for the current year, 2020: BLUE SPRUCE CORPORATION Statement of Financial Position December 31, 2020 Current assets $518,950 Current liabilities $406,600 Investments 684,800 Long-term liabilities 1,027,200 Property, plant, and equipment 1,840,400 Shareholders' equity 1,893,900 Intangible assets 283,550 $3,327,700 $3,327,700 The following additional information is available: 1. 2. The current assets section includes the following: cash $160,500; accounts receivable $181,900, less $10,700 allowance for doubtful accounts; inventory $192,600; and unearned revenue $5,350. The cash balance is composed of $203,300, less a bank overdraft of $42,800 (at a separate financial institution). Inventory is stated at the lower of FIFO cost and net realizable value. The investments section includes the following: note receivable from a related company, due in 2026, $42,800; FV-NI investments in shares $85,600 (fair value $85,600); FV-OCI investments in shares $133,750 (fair value $165,850); bond sinking fund $267,500; and patents $123,050, net of accumulated amortization.