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The trial balance of Monty Ltd. at December 31, 2020. follows: Debits Credits Cash $ 305.000 Sales revenue $10,337,000 FV-Nl investments (at fair value) 323.000

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The trial balance of Monty Ltd. at December 31, 2020. follows: Debits Credits Cash $ 305.000 Sales revenue $10,337,000 FV-Nl investments (at fair value) 323.000 Cost of goods sold 5.800,000 Bond Investment at amortized cost 449.000 FV-OCl investments (fair value $ 365.000) 293.000 Notes payable due in six months) 110,000 Accounts payable 815.000 Selling expenses 2.960,000 Investment income or loss 14.000 Land 330.000 Buildings 2,540,000 Dividends payable 36.000 Income tax payable 114000 565.000 292.000 43.000 1,050,000 261.000 777.000 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 50,000 50,000 1050.000 750,000 2.100,000 77.000 170.000 869,000 24510 77.000 Accumulated depreciation equipment Intangible assets-franchises (net) 170,000 Common shares 869,000 Intangible assets-patents (net) 245.000 Retained earnings 864.000 Accumulated other comprehensive income 97.000 Totals $ 16,868,000 $ 16,868,000 The investment income or loss relates to the FV-NI investments (a 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 v Assets 5 Liabilities and Shareholders' Equity 5 Liabilities and Shareholders' Equity

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