Martinez Inc had the following statement of financial position at the end of operations for 2016 MARTINEZ INC Statement of Financial Position December 31 2016 Cash 20000 Accounts payable 30000 Accounts receivable 21200 Bonds payable 41000 FVNI investments 32000 Common shares 100000 Equipment net 81000 Retained earnings 23200 Land 40000 194200 194200 During 2017 the following occurred 1 Martinez liquidated its FVNI investments portfolio at a loss of 10000