The statement of financial position of Tamarisk Limited follows for the current year, 2020: TAMARISK LIMITED Statement of Financial Position December 31, 2020 Current assets $156,940 Current liabilities Investments 101,480 Long-term liabilities Property, plant, and equipment 250.160 Shareholders equity Intangible assets 37.760 Other assets 44,840 $591.180 $114 460 200,600 276,120 $591.180 1 2 3. The following additional information is available and is the source of errors in classification which need to be corrected Current Assets include the following: bank account with an overdraft balance of $17.700; inventory with a FIFO cost of $102,660 and a net realizable value of $100,300; accounts receivable of $77.880 less allowance for doubtful accounts of $3,540 Investments include the following a mortgage receivable from parent company S70,900, due in 2025: FV-NI investments held for trading with a cost of $11,800 and a fair value of $14,160; FV-OCI investments with a cost of $17700 and a fair value of $16.520 Property, Plant and Equipment include the following: land $28,320: buildings $513.300 less accumulated depreciation of $342.200; vehicles $93,220 less accumulated depreciation of $57 820: land held for future use $15 340 Intangible assets include the following patents net of accumulated amortization of $37.760. 5 Other assets include the following customer deposits of $8.260, unearned revenue of $3.540, goodwill $51.920 and accumulated other comprehensive income (loss) of $14.720), Current Liabilities include the following: pension obligation of $63,720, Interest payable of $4.720 salaries and wages payable of $9.440; accounts payable $36,580. Long-term Liabilities include the following:demand bank loan of $88,500: mortgage payable $112.100 of which $8.260 13 due in the next year. Shareholders' Equity has 1,180 preferred shares (35.400 authorized) which were issued at an average price of $75 per share, and an unlimited number of authorized common shares with 64.900 shares Issued at an average price of $i per share, retained earnings of $122.720. 6. N 8. Prepare a statement of financial position in good form. (List Current Assets in order of liquidity List Property. Plant and Equipment in order of Land, Buildings and Vehicles) Prepare a statement of financial position in good form. (List Current Assets in order of liquidity List Properti Plant and Equipment in der of Land Buildings and Vehicles Tamarisk Limited Statement of Financial Position December 3L 2020 Assets s 3540 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity >