The statement of financial position of Novak Corporation as at December 31, 2020, is as follows:

NOVAK CORPORATION Statement of Financial Position December 31, 2020
Assets
Goodwill (Note 1)			$ 84,000
Buildings (Note 2)			1,968,000
Inventory			374,520
Investments—trading (Note 3)			120,000
Land			1,140,000
Accounts receivable			204,000
Investments in shares (FV-OCI) (Note 4)			104,400
Cash			211,080
Assets allocated to trustee for plant expansion
	Cash		144,000
	Treasury notes, at cost and fair value		165,600
			$ 4,515,600
Equities
Notes payable (Note 4)			$ 720,000
Common shares, unlimited authorized, 500,000 issued			1,380,000
Retained earnings			847,200
Accounts payable			302,400
Appreciation capital (Note 2)			684,000
Income tax payable			90,000
Reserve for depreciation of building			492,000
			$ 4,515,600

Note 1:	Goodwill in the amount of $ 84,000 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 $ 84,000 was credited to Retained Earnings.
Note 2:	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 $ 684,000. Depreciation has been recorded based on cost.
Note 3:	Investments—trading are FV-NI (fair value through net income) investments and have a fair value of $ 90,000. Investments in shares (FV-OCI) have a fair value of $ 240,000. Both investments are currently recorded at cost.
Note 4:	Notes payable are long-term except for the current principal instalment due of $ 120,000.

(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.)