The trial balance of Brunz Ltd. at December 31, 2020, follows: Debits Credits $ 205,000 Cash (includes $5,000 bank Overdraft) $ 8,010,000 Sales revenue 153,000 FV-NI investments (at fair value) 4,800,000 Cost of goods sold 299,000 Bond investment at amortized cost FV-OCI investments (fair value $345,000) 277,000 98,000 Notes payable (due in six months) 645,000 Accounts payable Selling expenses 1,860,000 Investment income or loss 13,000 Land 260,000 Buildings 1,040,000 Dividends payable 36,000 Income tax payable 96,000 Accounts receivable 515,000 Accumulated depreciation-buildings 152,000 Allowance for doubtful accounts 25,000 Administrative expenses 900,000 Interest expense 211,000 Inventory 687,000 Gain on disposal of land 60,000 Dividends 40.000 Notes payable (due in five years) 900,000 Equipment 600.000 Bonds payable (due in three years) 1,000,000 Dividends 40.000 900.000 600,000 Notes payable (due in five years) Equipment Bonds payable (due in three years) Accumulated depreciation equipment Intangible assets-franchises (net) 1,000,000 60,000 160.000 Common shares 809,000 Intangible assets-patents (net) 195,000 Retained earnings ? Other comprehensive income 80,000 Totals $12,202,000 $12,202,000 *The investment income or loss relates to the FV-NI investments. ** Accounts receivable includes $5,000 of credit balances on customer's accounts. Instructions Prepare a classified statement of financial position as at December 31, 2020. Ignore income taxes. 7 A B I 15 E 32 Brunz Ltd. Statement of Financial Position - Ending Dec 31, 2020 ASSETS LIAE