URGENT

The statement of financial position of Splish Brothers Limited follows for the current year, 2020:

SPLISH BROTHERS LIMITED Statement of Financial Position December 31, 2020
Current assets		$ 125,020		Current liabilities		$ 91,180
Investments		80,840		Long-term liabilities		159,800
Property, plant, and equipment		199,280		Shareholders equity		219,960
Intangible assets		30,080
Other assets		35,720
		$ 470,940				$ 470,940

The following additional information is available and is the source of errors in classification which need to be corrected.

1.		Current Assets include the following: bank account with an overdraft balance of $ 14,100; inventory with a FIFO cost of $ 81,780 and a net realizable value of $ 79,900; accounts receivable of $ 62,040 less allowance for doubtful accounts of $ 2,820.
2.		Investments include the following: a mortgage receivable from parent company $ 56,400, due in 2025; FV-NI investments held for trading with a cost of $ 9,400 and a fair value of $ 11,280; FV-OCI investments with a cost of $ 14,100 and a fair value of $ 13,160.
3.		Property, Plant and Equipment include the following: land $ 22,560; buildings $ 408,900 less accumulated depreciation of $ 272,600; vehicles $ 74,260 less accumulated depreciation of $ 46,060; land held for future use $ 12,220.
4.		Intangible assets include the following:patents net of accumulated amortization of $ 30,080.
5.		Other assets include the following: customer deposits of $ 6,580, unearned revenue of $ 2,820, goodwill $ 41,360 and accumulated other comprehensive income (loss) of $( 3,760).
6.		Current Liabilities include the following: pension obligation of $ 50,760, interest payable of $ 3,760; salaries and wages payable of $ 7,520; accounts payable $ 29,140.
7.		Long-term Liabilities include the following:demand bank loan of $ 70,500; mortgage payable $ 89,300 of which $ 6,580 is due in the next year.
8.		Shareholders Equity has 940 preferred shares ( 28,200 authorized) which were issued at an average price of $ 75 per share, and an unlimited number of authorized common shares with 51,700 shares issued at an average price of $ 1 per share, retained earnings of $ 97,760.

Prepare a statement of financial position in good form. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Vehicles.)