The statement of financial position of Bramble Corporation as a: December 31, 2020. is as follows BRAMBLE CORPORATION Statement of Financial Position December 31, 2020 Assets Goodwill (Note 1) $42.000 Buildings (Note 2 984.000 Inventory 187.260 Investments-trading (Note 3) 60,000 Land 570.000 Accounts receivable 102,000 Investments in shares (FV-OCI) (Note 4 52.200 Cash 105,540 Assets allocated to trustee for plant expansion Cash 72,000 Treasury notes, at cost and fair value 82800 $2.257.800 $360,000 690.000 423.600 Equities Notes payable (Note 4 Common shares, unlimited authorized 500.000 issued Retained earnings Accounts payable Appreciation capital (Note 2) Income tax payable Reserve for depreciation of building 15 1.200 342.000 45.000 246.000 $2257.100 Note Goodwill in the amount of $42.000 was recognized because the company believed that the carrying amount of assets was not 1 an accurate representation of the company's far value. The gain of $42,000 was credited to Retained Earnings 1 2 Note Goodwill in the amount of $42.000 was recognized because the company believed that the carrying amount of assets was not an accurate representation of the company's fair value The gain of $42.000 was credited to Retained Earnings Note Buildings are stated at cost, except for one building that was recorded at its appraised value as management determined the building to be worth more than originally paid at acquisition. The excess of the appraisal value over cost was $342.000 Depreciation has been recorded based on cost Note Investments-trading are FV-Ni (fair value through net income investments and have a fair value of $45.000. Investments in shares (FV-Oci) have a fair value of $120,000. Both investments are currently recorded at cost. Notes payable are long-term except for the current principal instalment due of $60.000, Note (a) Prepare a corrected classified statement of financial position in good form. The notes above are for information only. Assume that you have decided not to use the revaluation model for property, plant and equipment. (List Current Assets in order of liquidity. List Property Plant and Equipment in order of Land, Buildings and Equipment) BRAMBLE CORPORATION Statement of Financial Position Assets $ BRAMBLE CORPORATION Statement of Financial Position Assets D Labilities and Shareholders' Equity $