The statement of financial position of Manion Corporation follows (in thousands):

MANION CORPORATION Statement of Financial Position December 31, 2020
Assets
Current assets
Cash		$26,000
Accounts receivable		25,000
Inventory		20,000
Supplies		4,000
Investment in subsidiary company		38,000		$113,000
Investments
Investments in shares				25,000
Property, plant, and equipment
Buildings and land		91,000
Less: Reserve for depreciation		31,000		60,000
Other assets
Investment in bonds to be held to maturity (at cost)				19,000
				$217,000
Liabilities and shareholders equity
Current liabilities
Accounts payable		$22,000
Reserve for income taxes		15,000
Customer accounts with credit balances		1		$37,001
Long-term liabilities
Bonds payable				62,000
Total liabilities				99,001
Shareholders equity
Common shares issued		85,000
Earned surplus and other accumulated surplus		24,999
Cash dividends declared		8,000		117,999
				$217,000

Evaluate the statement of financial position. Briefly describe the proper treatment of any item that you find incorrect. Assume the company follows IFRS.