The trial balance of Grouper Inc and other related information for theyear 2023 follows: Grouperine Trial Balance December 31, 2023 \begin{tabular}{lr} & \multicolumn{1}{c}{ Debits } \\ Cash & $42,000 \\ Accounts receivable & 165,500 \\ Allowance for expected credit losses & 6,900 \\ Prepaid insurance & 208,700 \\ Inventory & 339,600 \\ FV-OClinvestments & 85,400 \\ Land & 127,900 \\ Construction in process & 36,000 \\ Intangibleassets-patents & 406,000 \\ Equipment & \end{tabular} Accumulated depreciation-equipment Accounts payable Incometaxpayable Notes payable Bonds payable Commonshares Accumulated other comprehensive income Retained earnings $9,600 Gredits $42,000 165,500 1. The inventory has a net realizablevalue of $212,200. The FIFO method of inventory valuation is used. 2. The FV-OCl investments' fair value is $378,600. 3. The amount of the Construction in Process account represents the costs to dateon a building in the process of construction. (The company is renting factory space while waiting for the new building to becompleted.) The land that the buliding is being constructed on cost $85,400, 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 $200,100, bear interest at 7% payableevery December 31 , and are due January 1,2035 6. Of the remaining $19,100 unamortized discounton bonds payable (face value $200,000 lesscarrying anount $181,000 ). $1,910 will be amortized in 2024. 7. The notes payable represent bankloans that are secured by FVOCl investmentscarried at $120,800 Theseloans areduein 2024 8. For common shares, an unlimited number are authorized and 539,000 are issued and outstanding (a) Prepare a statement of financial position as at December 31,2023, ensuring that all important information is fully disclosed (1.ist Cisrent Assets in order of liquidity. List Property, Plant, and Equipmernt in order of Lond, Buildirres, and Equipment.)