Question: 0 Exercise 5-6 Complete first part of this exercise with a group Assume that Lee Inc. has the following accounts at the end of the

 0 Exercise 5-6 Complete first part of this exercise with a

0 Exercise 5-6 Complete first part of this exercise with a group Assume that Lee Inc. has the following accounts at the end of the current year: classify each item as CA (Current Asset), LTI (Long-term Investments and Long-term Receivables), PPE (Prope plant & Equipment) IA (Intangible Assets), G (Goodwill), CL (Current liabilities), LTL (Long-term liabilities) and (Sharholders' Equity) Code Common shares Restricted Cash (for plant expansion) Raw Materials Inventory Land Held for Future Plant Site FV-OCI Investments Allowance for doubtful Accounts Unearned Rent Revenue Retained Earnings Work-in-Process Inventory Unearned Revenue (earned in the next year) Intangible Assets - Copyrights Accounts Reivable - Officers (due in one year) Buildings Finished goods inventory Notes Receivable (due in three months) Accounts Receivable Cash (includes restricted cash-see item) Bonds Payable (due in four years) Salaries and Wages Payable Accounts Payable Accumulated depreciation - buildings Goodwill Prepare a classified statement of financial position in good form Lee Inc. Statement of Financial Position As at Dec 31, 2020 Assets Current Assets Total current assets Long-term Investments and Long-term Receivables

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