The statement of financial position of Flint Corporation as at December 31, 2023, is as follows: Flint Corporation Statement of Financial Position December 31, 2023 Assets Goodwill (Note 1) Buildings (Note 2) Inventory $56,000 1,312,000 249,680 Investments-trading (Note 3) 80,000 Land 760,000 Accounts receivable 136,000 Investments in shares (FV-OCI) (Note 3). 69.600 140,720 Cash Question 4 of 4 < Investments in shares (FV-OCI) (Note 3) Cash Assets allocated to trustee for plant expansion 69,600 140,720 Cash 96,000 Treasury notes, at cost and fair value 110,400 $3,010,400 Equities Notes payable (Note 4) $480,000 Common shares, unlimited authorized, 500,000 issued 920,000 Retained earnings 564,800 Accounts payable 201,600 Appreciation capital (Note 2) 456,000 Income tax pavable 60.000 -730 Common shares, unlimited authorized, 500,000 issued 920,000 Retained earnings 564,800 Accounts payable 201,600 Appreciation capital (Note 2) 456,000 Income tax payable 60,000 Reserve for depreciation of building 328,000 $3,010,400 Note 1: Goodwill in the amount of $56.000 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 $56.000 was credited to Retained Earnings Note 2: Buildings are stated at cost, except for one building that was recorded at its appraised value because management determined the building to be worth more than originally paid at acquisition. The excess of the appraisal value over cost was $456,000. Depreciation has been recorded based on cost. Note 3 octmonte-trailin sa EVNI intment and houses at Cannon Imants in charac Efr Question 4 of 4 -/30 E determined the building to be worth more than originally paid at acquisition. The excess of the appraisal value over cost was $456,000. Depreciation has been recorded based on cost. Note 3: Investments-trading are FV-NI investments and have a fair value of $60,000. Investments in shares (FV-OCB have a fair value of $160,000. Both investments are currently recorded at cost. Note 4 Notes payable are long term except for the current principal instalment due of $80,000. (a) Prepare a corrected classified statement of financial position in good form. The notes above are for information only. Assume that your 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, and Buildings) FLINT CORPORATION Statement of Financial Position Assets