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The trial balance of Monty Ltd. at December 31, 2020, follows: Credits Debits $305,000 $10,337,000 323,000 5,800.000 449,000 293.000 Cash Sales revenue FV-Nl investments (at
The trial balance of Monty Ltd. at December 31, 2020, follows: Credits Debits $305,000 $10,337,000 323,000 5,800.000 449,000 293.000 Cash Sales revenue FV-Nl investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCi investments (fair value $365,000) Notes payable (due in six months) Accounts payable Selling expenses Investment income or loss Land Buildings Dividends payable Income tax payable Accounts receivable 110,000 815,000 2,960,000 14,000h 330,000 2.540.000 36,000 114.000 565,000 292.000 Win 565,000 292,000 43,000 1,050,000 261,000 777,000 50,000 50,000 Accounts receivable Accumulated depreciation-buildings Allowance for doubtful accounts Administrative expenses Interest expense Inventory Gain on disposal of land Dividends Notes payable (due in five years) Equipment Bonds payable (due in three years) Accumulated depreciation-equipment Intangible assets-franchises (net) Common shares Intangible asserspatents (net) Retained earnings Accumulated other comprehensive income metals 1,050,000 750,000 2.100.000 77.000 170.000 869,000 245.000 864,000 97.000 $16.868.000 $16.868.000 Prepare a classified statement of financial position as at December 31, 2020. Ignore income taxes. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) Monty Ltd. Statement of Financial Position Assets
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