These items are taken from the financial statements of Sheffield Corp. at December 31, 2018. Buildings $174,570 Accounts receivable 20,790 Prepaid insurance 7,722 Cash 19,536 Equipment 135,960 Land 100,980 Office expense 957 Income tax expense 330 Depreciation expense 8,745 Interest expense 4,290 Common shares 102,300 Retained earnings (January 1, 2018) 66,000 Accumulated depreciation-building 75,240 Accounts payable 13,860 Income taxes payable 1,815 Bank loan payable (due July 1, 2020) 154,440 Accumulated depreciation-equipment 30,888 Interest payable 5,940 Sales 23,397 Calculate the net income for the year. Net income / (loss) $ List of Accounts Prepare a classified statement of financial position. Assume that $22,440 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.) SHEFFIELD CORP. Statement of Financial Position Assets $ $ $ $ + Liabilities and Shareholders' Equity $