The trial balance of Bramble Inc. and other related information for the year 2020 follows: BRAMBLE INC. Trial Balance December 31, 2020 Debits Credits Cash $43.000 Accounts receivable 173.500 Allowance for doubtful accounts $9.200 Prepaid insurance 7,000 Inventory 191.400 FV-OCI Investments 339.000 Land 89,000 Construction in process 124.000 Intangible assets-paten 36.000 Equipment 400.000 Accumulated depreciation equipment 240.000 Accounts payable 147.500 Income tax payable 49,200 Notes payable 94.000 Bonds payable 180.000 Common shares 500.000 Accumulated other comprehensive income 45.000 Retained earnings 138,000 $1,402.900 $1,402.900 Additional information: 1. The inventory has a net realizable value of $212,000. The FIFO method of inventory valuation is used. 2. The FV-OCl investments' fair value is $378,000. 3. The amount of the Construction in Process account represents the costs to date on a building in the process of construction. (The company is renting factory space while waiting for the new building to be completed.) The land that the building is being constructed on cost $89.000, as shown in the trial balance. 4. The company purchased the patents at a cost of $40,000 and the patents are being amortized on a straight-line basis. 5. The bonds payable have a face value of $200,000, bear interest at 7% payable every December 31, and are due January 1, 2032 Of the remaining $20,000 unamortized discount on bonds payable (face value $200.000 less carrying amount $180,000). $2,000 will be amortized in 2021. The notes payable represent bank loans that are secured by FV-OCl investments carried at $120,000. These loans are due in 7. 2021 8. For common shares, an unlimited number are authorized and 500,000 are issued and outstanding. 6. (a) Prepare a statement of financial position as at December 31, 2020, ensuring that all important information is fully discosed. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)