Statement of Financial Position Preparation Presented below are a number of statement of financial position items for Montoya. Inc., for the current year, 2010.

Instructions
Prepare a classified statement of financial position in good Form. Share capital€”ordinary authorized was 400,000 shares, and share capital€”preference authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of trading securities are thesame.

125,000 177,591 285,000 Inventories Accumulated depreciation- equipment Goodwit Payroli taces payable Bonds payable 292,000 239,600 Cash 350,000 Rent payable-short-tem Taxes payable Long-torm rental obligations Share capital-ordinary, $1 par valua Share capital-prefarance, $10 par value Prepaid expenses Equipment Trading securities Accumulated depreciation- buiding Building 45,000 98,302 400,000 200,000 Land 480,000 445,700 285,000 490,000 Notes reccivabie Notes payable to banks Accounts payable Ratained earrings Income taxes raceivable 150,000 87,920 97,630 1,470.000 121,000 Unsecured notes payabie (long-term) 1,800,000 270,200 1,640,000