The adjusted trial balance of Asian-Pacific Ltd. and other related information for the year 2019 are presented below (amounts in thousands).

Additional information:
1. The average-cost method of inventory value is used.
2. The cost and fair value of the long-term investments that consist of ordinary shares and bonds is the same.
3. The amount of the Construction in Process account represents the costs expended to date on a building in the process of construction. (The company rents factory space at the present time.) The land on which the building is being constructed cost ¥85,000, as shown in the trial balance.
4. The patents were purchased by the company at a cost of ¥40,000 and are being amortized on a straight-line basis.
5. The notes payable represent bank loans that are secured by long-term investments carried at ¥120,000. These bank loans are due in 2020.
6. The bonds payable bear interest at 8% payable every December 31, and are due January 1, 2030.
7. 600,000 ordinary shares with a par value of ¥1 were authorized, of which 500,000 shares were issued and outstanding.
Instructions
Prepare a statement of financial position as of December 31, 2019, so that all important information is fully disclosed.

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Asian-Pacific Ltd. Adjusted Trial Balance December 31, 2019 Debit Credit ¥ 41,000 Cash 163,500 Accounts Receivable Allowance for Doubtful Accounts 8,700 Prepaid Insurance 5,900 Inventory 208,500 Long-term Investments 339,000 Land 85,000 Construction in Process 124,000 Patents 36,000 Equipment 400,000 Accumulated Depreciation-Equipment 240,000 Accounts Payable 148,000 Accrued Expenses 49,200 Notes Payable 94,000 Bonds Payable 180,000 Share Capital-Ordinary 500,000 Share Premium-Ordinary 45,000 Retained Earnings 138,000 ¥1,402,900 ¥1,402,900