Also please explain why each is either a current/long-term asset, or a current/long-term liability if included in the financial position sheet

The following is an alphabetical list of account balances at December 31,203 for the Peters Corporation. You are also told that the company issued \$250,000 of Capital Stock during the year and declared a total of $50,000 of dividends. \begin{tabular}{lr} Accounts payable & 136,000 \\ Accounts Receivable & 89,000 \\ Accumulated depreciation - building & 389,000 \\ Accumulated depreciation - equipment & 151,000 \\ Building & 1,116,000 \\ Capital Stock & 612,000 \\ Cash & 48,000 \\ Cost of goods sold & 756,000 \\ Depreciation expense & 58,000 \\ Dividends payable & 7,000 \\ Franchise & 29,000 \\ Income tax expense & 165,000 \\ Insurance expense & 4,000 \\ Interest expense & 54,000 \\ Interest income & 7,000 \\ Interest payable & 12,000 \\ Interest receivable & 9,000 \\ Inventories & 155,000 \\ Land & 202,000 \\ Long-term debt & 720,000 \\ Long-term investments & 25,000 \\ Machinery and equipment & 615,000 \\ Patents & 109,000 \\ Prepaid expenses & 12,000 \\ Rent expense & 11,000 \\ Rental revenues & 36,000 \\ Retained Earnings (beginning of year balance less dividends) & 220,000 \\ Salaries expense & 115,000 \\ Sales & 1,370,000 \\ Short-term investments & 131,000 \\ Unearned revenues & 43,000 \\ & \\ \hline \end{tabular} Required - Prepare a Statement of Income, a Statement of Financial Position and a Statement of changes in Shareholders' Equity