Presented below are a number of statement of financial position items for Montoya SA, for the current year, 2022.

Instructions

Prepare a classified statement of financial position in good form. Share capital—ordinary shares authorized was 400,000 shares, and share capital—preference shares 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 the same.

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Goodwill € 125,000 Inventory € 239,800 Payroll taxes payable 177,591 Rent payable (short-term) 45,000 Bonds payable 285,000 Income taxes payable 98,362 Cash 360,000 Long-term rental obligations 480,000 Land 480,000 Share capital-ordinary, €1 par value Notes receivable 445,700 200,000 Share capital-preference, €10 par Notes payable (to banks) 265,000 value 150,000 Accounts payable 490,000 Prepaid expenses 87,920 Retained earnings ? Equipment 1,470,000 Income taxes receivable 97,630 Trading securities 121,000 Unsecured notes payable (long-term) 1,600,000 Accumulated depreciation- buildings 270,200 Accumulated depreciation- equipment 292,000 Buildings 1,640,000