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Question - The December 31, 2021 statement of financial position accounts of Tokyo Manji Company are shown below in alphabetical order:
Account
Amount
Accounts Payable
236,000.00
Accounts Receivable
115,000.00
Accumulated Amortization - Patents
22,000.00
Accumulated Amortization - Trademarks
17,000.00
Accumulated Depreciation - Buildings
530,000.00
Accumulated Depreciation - Equipment
351,000.00
Allowance for Bad Debts
8,000.00
Appropriated Retained Earnings
45,000.00
Bonds Payable
770,000.00
Buildings
1,440,000.00
Cash and Cash Equivalents
35,000.00
Deferred Tax Liability
50,000.00
Discount of Bonds Payable
69,000.00
Equipment
624,000.00
Financial Assets at FVPL
61,000.00
Income Tax Payable
150,000.00
Inventory
322,000.00
Investment in Associates
250,000.00
Land
1,300,000.00
Ordinary Share Capital
Patents
120,000.00
Preference Share Capital
210,000.00
Retained Earnings
262,000.00
Salaries Payable
20,000.00
Share Dividends Distributable
24,000.00
Share Premium - Ordinary
240,000.00
Share Premium - Preference
81,000.00
Trademarks
60,000.00
Withholding Taxes Payable
80,000.00
Required - Prepare the properly classified statement of financial position for Tokyo Manji Company as of December 31, 2021.
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