Statement of Financial Position

 
Relax Company granted the cethcoming knowledge ce the design of presenting the declaration of financial lie on December 31 2014:
Cash 400 000
Accounts receivable 500 000
allowance ce questionable accounts 50 000
inventories 1 000 000
land 500 000
building 5 000 000
accumulated depreciation-building 2 000 000
machinery 3 000 000
accumulated depreciation-machinery 1 200 000
equipment 400 000
accumulated depreciation-equipment 100 000
investment in ally 1 300 000
prepaid expenses 100 000
notes payable 750 000
accounts payable 350 000
income impost payable 50 000
accrued expenses 60 000
mortgage voicelessness payable in quarterly installments of 100 000 2 000 000
estimated amenability ce satisfaction 140 000
retained rights collected ce set disquisition 1 000 000
retained rights collected ce contingencies 100 000
share chief 3 000 000
share bonus 300 000
retained rights uncollected 1 250 000
trademark 150 000
secret processes and cemulas 200 000
bank advance payable – attributable June 30, 2016 500 000
required:
prepare in cheerful cem a correctly classified declaration of financial lie on December 31, 2014 with sustaining voicelessnesss and computations.