The following adjusted trial balance data are for Novasco Manufacturing Corporation as at December 31, 2011.

Required:
Prepare a classified statement of financial position for Novasco Manufacturing Corporation as at December 31, 2011.

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Debit balances Credit balances Accounts receivable Administration and general expenses Cost of goods sold Finished goods inventory Loss on sale of equipment Prepaid insurance Property, plant, and equipment ory Short-term investments Accrued expenses payable Accumulated deprecíation Due to the Canada Revenue Agency Interest revenue Short-term borrowings $1,427,000