The trial balance of Sheffield Ltd. at December 31, 2020, follows: Credits Debits $395,000 $9,482,000 283,000 5,000,000 319,000 472,000 110,000 775,000 2,760,000 19,000 270,000 3,040,000 Cash Sales revenue FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost FV-OCI investments (fair value $525,000) Notes payable (due in six months) Accounts payable Selling expenses Investment income or loss Land Buildings Dividends payable Income tax payable 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 46,000 102,000 545,000 312,000 32,000 1,060,000 411,000 697,000 50,000 50,000 1,060,000 640,000 1,900,000 74,000 1,900,000 74,000 240,000 989,000 Bonds payable (due in three years) Accumulated depreciation-equipment Intangible assets-franchises (net) Common shares Intangible assets-patents (net) Retained earnings Accumulated other comprehensive income Totals 265,000 1,403,000 93,000 $16,447,000 $16,447,000 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 Buildings and Equipment.) Sheffield Ltd. Statement of Financial Position x For the Year Ended December 31, 2020 Assets V Current Assets Cash X Accounts Receivable Less V Allowance for Doubtful Acc Total Current Assets Long-Term Investments FV-OCI Investments Bond Sinking Fund Investr IO OCO 11 Total Long-Term Investments Property, Plant, And Equipment v Land Buildings Less Accumulated Depreciation X Equipment Less TAccumulated Depreciation Total Property, Plant, And Equipment Intangible Assets NI Intangible Assets-Patents Intangible Assets-Franchis Total Intangible Assets Total Assets Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Commissions Payable Notes Payable Accrued Liabilities Total Current Liabilities Long-Term Liabilities Bonds Payable Notes Payable Total Long-Term Liabilities Total Liabilities Shareholders' Equity Common Shares 3 3 5 Retained Earnings Accumulated Other Compr| Total Shareholders' Equity Total Liabilities And Shareholders' Equity