The trial balance of Metro Land Inc. and other related information for the year 2020 follows:

Metro Land Inc.
Trial Balance
December 31, 2020
	Debits	Credits
Cash	$51,000
Accounts Receivable	170,500
Allowance for doubtful accounts		$9,100
Prepaid Insurance	6,300
Inventory	183,100
FV-OCI Investments	339,000
Land	93,000
Construction in process	124,000
Intangible assets-patents	36,000
Equipment	400,000
Accumulated depreciation-equipment		240,000
Accounts Payable		147,600
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 amount of the construction in process account represents the cost 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 $93,000, as shown in the trial balance.

2. The FV-OCI investments' fair value is $378,000

3. The notes payable represent bank loans that are secured by FV-OCI investments carried at $120,000. These loans are Due in 2021.

4. The company purchased the patents at cost of $40,000 and the patents are being amortized on a straight-line basis.

5. The inventory has a net realizable value of $212,000. The FIFO method of inventory valuation is used.

6. The bonds payable have a face value of $200,000, bear interest at 7% payable every December 31, and are due January 1, 2032.

7. For common shares, an unlimited number are authorized and 500,000 are issued and outstanding.

8. 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.

Prepare a statement of financial position as at December 31, 2020, ensuring that all important information is fully disclosed. (List Current Assets in order of Liquidity. List PPE in order of Land, Buildings and Equipment.)