The trial balance of Zeitz Corporation at December 31, 2014, follows:

Instructions
(a) Prepare a classified statement of financial position as at December 31, 2014. Ignore income taxes.
(b) Is there any situation where it would make more sense to have a statement of financial position that is not classified?

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Debits Credits $ 205,000 Cash Sales revenue FV-NI investments (at fair value) Cost of goods sold Bond investment at amortized cost FV OCI investments (fair value $345,000) Notes payable (due in six months) Accounts payable Selling expenses Unrealized gain or loss (on investments) Land Buildings Commission payable Accrued liabilities Accounts receivable Accumulated depreciation-buildings Allowance for doubtful accounts Administrative expenses Interest expense Inventory Unusual gain Correction of prior year's error Notes payable (due in five years) Equipment Bonds payable Accumulated depreciation equipment Intangible assets franchises Common shares Intangible assets-patents Retained earnings Accumulated other comprehensive income Totals $ 7,960,000 153,000 4,800,000 299,000 277,000 98,000 545,000 1,860,000 63,000 260,000 1,040,000 136,000 96,000 515,000 152,000 25,000 900,000 211,000 687,000 160,000 140,000 900,000 600,000 1,000,000 60,000 160,000 809,000 195,000 218,000 80,000 $12,302,000 $12,302,000