$[28$ marks$]$

You are required to draft the Abby Ellen's company statement of financial position you the information provided below,

Abby Ellen Company Trial Balance as of December $31,2023$

Depreciation

Dr

$200$

Cr

Salaries payable

$2900$

Merchandise inventory

$9000$

Land

$9000$

Trade payable

$3200$

Gross sales

$22080$

Abby Ellen, capital

$31900$

Accrued expense

$6500$

Trade receivable

$5000$

Building $($net$)$

$12000$

Mortgage note payable

$17000$

Patents

$4000$

Goodwill

$2500$

Deferred tax liability

$4000$

Accumulated depreciation

$3800$

Sales returns and allowances

$1082$

Bank overdraft

$2000$

Property, Plant and Equipment

$10000$

Purchase discounts

$204$

Retained income

$4000$

Short$-$term loans

$5000$

Fixed deposits

$5600$

Cash

$6000$

Prepaid rent

$5000$

Long$-$term lease obligations

$6000$

Net income

$6316$

$2$

HFAC$201-1-$Jul$-$Der$2024-$FA$1-$SM$-$V$2-15072024$