Window Macros Problem 4. (30%) Lane Harley is preparing for a meeting with investors. He would like to provide appropriate information about his company's financial position. He has provided the following accounts and balances at December 31, 2015 Cash $60,000 Accounts receivable (net) 38,500 Inventory 65,300 Equipment (net) 104,000 Goodwill 25,000 Notes and Accounts Payable 57,000 Non-current Liabilities 100,000 Equity 125,800 Except for the following items all adjustments have been recorded in the accounts. 1 Cash includes $20,000 in a fund designated for plant expansion in 2018 2. The net accounts receivable is comprised of (a) accounts receivable $ 52,000 and (b) allowance for doubtful accounts $13.500. 3. Equipment had a cost of $130 000 and accumulated depreciation of S26 000 4. Notes and accounts payable is comprised of the following accounts payable $30.000 income taxes payable $3,000 Notes payable $19.000 due June 2017 5. Non-current liabilities are bonds payable paying interest at 9%, and maturing June 30, 2023 6. Equity is comprised of share capital 50 000 ordinary shares ($1 par) sold at $2 each and retained earnings $25,800 Instructions: Prepare a corrected classified statement of financial position for Lane Harley Company at December 31, 2015 include all stockholders equity details) (UNITED STATES hp