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P1-5 Using Financial Reports: Applying the Accounting Equation to Liquidate a Company L01-1 On June 1, 2021, Bland Corporation prepared a statement of financial position just prior to going out of business. The totals for the three main components showed the following: Assets (no cash) Liabilities Shareholders' equity $98,000 55,000 43,000 Shortly thereafter, all of the assets were sold for cash. Required: 1. How would the statement of financial position appear immediately after the sale of the assets for cash for each of the following cases? (Enter any decreases to account balances with a minus sign.) Cash Received for the Assets Balances Immediately after Sale Shareholders Assets Liabilities Equity Case A s 98,000 84,000 112,000 35,000 Case B Case C LIT 11111 Case D