Current Attempt in Progress Ayayai Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of nancial position in order to obtain additional funds for expansion: Ayayai Corp. Statement of Financial Position For the Year Ended December 31, 2023 Current assets Cash {net of bank overdraft of $31,000) $ 270,000 Accounts receivable (net) 349,000 Inventory at the lower of cost and net realizable value 411,000 FVNl investments [at costfair value $130,000) 150,000 Property, plant, and equipment Buildings (net) 580,000 Equipment {net} 170,000 Land held for future use 185,000 Intangible assets Intangible assets Goodwill Investment in bonds to collect cash ows, at amortized cost Prepaid expenses Current liabilities Accounts payable Notes payable (due next year} Pension obligation Rent payable Long-term liabilities Bonds payable Shareholders' equity Common shares, unlimited authorized, 300,000 issued Contributed surplus Retained earnings 8 1,000 9 1.000 13,000 205,000 135,000 83,000 50,000 564,000 300,000 190,000 ? AYAYAI CORP. Statement of Financial Position For the Year Ended December 31, 2023 Assets Current Assets Cash FV-NI Investments Accounts Receivable to 367000 Less v : Allowance for Doubtful Accounts 18000 Inventory Prepaid Expenses Total Current AssetsShareholders' Equity v Goodwill Bond Sinking Fund Investment Property. Plant, and Equipment v Buildings Less v 2 Accumulated Depreciation Buildings Equipment Less v : Accumulated Depreciation Equipment Land Held for Future Use Total Assets v 750000 170000 285000 115000 81000 91000 580000 170000 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable Notes Payable Rent Payable Bank Overdraft Current Liabilities Long-Term Liabilities\f