Handout 4 part 1: Statement of facilition Hela Company Post Closing Trial Balance December 31, 2019 Cash Accounts receivable Allowance for Doubtful accounts Prepaid expenses Inventory Investments in XWZ Franchise Copyrights Equipment Accumulated depreciation of equipment Accounts payable Salaries payable Notes payable (noncurrent) Unearned revenues Common stock Paid-in capital in excess of par value Retained earnings S45,000 163,500 $8,700 5,900 308,500 340,000 85,000 38,000 420,000 140,000 149,000 49,200 42,000 520,000 245.000 74,000 178,000 1,405.900 1,405,900 Instructions: Prepare the classified balance sheet for Hela Company at December 31, 2019, following IFRS model