The statement of financial position of Bramble Corporation as at December 31, 2017, is as follows: BRAMBLE CORPORATION Statement of Financial Position December 31, 2017 Assets Goodwill (Note 1) Buildings (Note 2) Inventory Investments-trading (Note 3) Land $119,000 2,788,000 530,570 170,000 1,615,000 289,000 147,900 Accounts receivable Investments in shares (fair value through OCI) (Note 3) Cash Assets allocated to trustee for plant expansion Cash 299,030 Treasury notes, at cost and fair value 204,000 234,600 $6,397,100 Equities Notes payable (Note 4) Common shares, unlimited authorized, 500,000 issued Retained earnings Accounts payable Appreciation capital (Note 2) $1,020,000 1,241,000 1,628,600 714,000 969,000 969,000 Appreciation capital (Note 2) Income tax payable Reserve for depreciation of building 127,500 697,000 $ 6,397,100 Note 1: Note 2: Goodwill in the amount of $119,000 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 $119,000 was credited to Retained Earnings. 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 $969,000. Depreciation has been recorded based on cost. Investments-trading are fair value through net income investments and have a fair value of $127,500. Investments in shares (fair value through OCI) have a fair value of $340,000. Both investments are currently recorded at cost. Note 3: Note Notes payable are long-term except for the current instalment due of $170,000. 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 December 31, 2017 Assets Current Assets Cash FV-NI Investments COTI X Accounts Receivable Inventory Total Current Assets Long-Term Investments FV-OCI Investments Assets Allocated to Trustee for Expansion Cash Treasury Notes Total Long-Term Investments Property, plant, and Equipment Land Buildings Less V Accumulated Depreciation - Buildings Total Assets Liabilities and Shareholders' Equity Current Liabilities Notes Payable Accounts Payable II Income Tax Payable Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities Shareholders' Equity Common Shares Retained Earnings Accumulated Other Comprehensive Income ill 00 Total Shareholders' Equity Total Liabilities and Shareholders' Equity