Current Attempt in Progress

Statement of financial position items for Martinez Inc. follow for the current year, $2023$:

$($a$)$

Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and $20,000$ preferred. Assume that income tax accounts, notes receivable, bank loan, and notes payable are short term, unless stated otherwise, and that the FV$-$NI investments are stated at fair value. $($List Current Assets in order of liquidity. Martinez Inc.

Statement of Financial Position

December $31,2023$

Assets

Current Assets

Cash

Notes Receivable

Inventory

Income Tax Receivable

Prepaid Expenses

Goodwill

Property, Plant, and Equipment

Land

Accumulated Depreciation $-$ Buildings

Equipment

Accumulated Depreciation $-$ Equipment

Total Property, Plant, and Equipment

$[$

Total Assets

Liabilities and Shareholders' Equity

Current Liabilities

Accounts Payable

Notes Payable Question $2$ of $4$

Bank Loans

Rent Payable

Total Current Liabilities

Long$-$Term Liabilities

Bonds Payable

Notes Payable

Total Long$-$Term Liabilities

Shareholders' Equity Question $2$ of $4$