Use the information available to prepare a corrected classified statement of financial position as at December 31, 2020. (Adjust the account balances based on the additional information.)

The accountant for Sabrina Corporation has prepared the following statement of financial position as at December 31, 2020: Cash Accounts receivable (net) Inventory Equipment (net) Patents SABRINA CORPORATION Statement of Financial Position As at December 31, 2020 $81,000 Accounts payable 45,700 Long-term liabilities 70,000 Shareholders' equity 268,000 35,000 $499,700 $48,000 95,000 356,700 $499,700 The following additional information is provided: 1. Cash includes $2,700 in a petty cash fund and $32,000 in a bond sinking fund. 2. The net accounts receivable balance is composed of the following three items: (a) accounts receivable debit balances $59,000; (b) accounts receivable credit balances $9,000; (c) allowance for doubtful accounts $4,300 3. Inventory costing $6,500 was shipped out on consignment on December 31, 2020. The ending inventory balance does not include the consigned goods. Receivables of $6,500 were recognized on these consigned goods. 4. Equipment had a cost of $303,000 and an accumulated depreciation balance of $35,000. 5. Income Tax Payable of $9,700 was accrued on December 31. However, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income tax payable account. 6. Long-term liabilities are bonds payable issued at par, due in 2025. Shareholders' equity is made up of two account balances: Common Shares of $237,800 and Retained Earnings of $118,900, 7