Income tax receivable 97,630 Accumulated depreciation-Building 270,200
Goodwill 125,000 Building 16,40,000
Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Fair value of equity investments (trading) is $121,000.
Requirements: [8]
Prepare a statement of financial position on December 31, 2019 so that all the information is fully disclosed.
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