The following data, presented in alphabetical order, are taken from the records of Redlands Enterprises AG.
Accounts payable CHF.......................................................................375,000
Accounts receivable...........................................................................135,000
Accumulated depreciation-buildings.....................................................270,000
Accumulated depreciation-equipment.....................................................80,000
Allowance for doubtful accounts............................................................10,000
Bonds payable (10%, due 2027) ............................................................570,000
Buildings.....................................................................................1,350,000
Cash.............................................................................................210,000
Dividends payable..............................................................................75,000
Equipment......................................................................................415,000
Goodwill.......................................................................................300,000
Income taxes payable.........................................................................180,000
Inventory.......................................................................................255,000
Investment in Bonita AG shares (30% ownership), at equity...........................900,000
Land.............................................................................................780,000
Notes payable (due 2018) ...................................................................110,000
Prepaid insurance...............................................................................25,000
Retained earnings..............................................................................480,000
Share capital-ordinary (CHF5 par value; 500,000 shares
authorized, 440,000 shares issued) ......................................................2,200,000
Share premium-ordinary...................................................................300,000
Short-term investments, at fair value (and cost) .........................................280,000
Instructions
Prepare a classified statement of financial position at December 31, 2017.