Current Attempt in Progress These financial statement items are for Sunland Corporation at year end, July 31, 2018: Operating expenses Salaries expense Unearned revenue Utilities expense Equipment Accounts payable Service revenue Rent revenue Common shares Cash Accounts receivable Accumulated depreciation equipment $32,500 46,700 12,000 2,600 70,200 5,020 116,100 19,000 27.500 5.560 16.100 5,800 Interest payable Supplies expense Dividends declared Depreciation expense Retained earnings, Aug. 1, 2017 Rent expense Income tax expense Supplies Held for trading investments Bank loan payable (due Dec 31, 2018) Interest expense $ 900 700 14.500 3.500 22.940 11.500 5.700 2.100 20.500 24.800 1.900 Additional information Sunland started the year with $14,000 of common shares and issued additional shares for $13,500 during the year, Prepare a statement of financial position for the year. (List Current Assets in order of liquidity) SUNLAND CORPORATION Statement of Financial Position Assets Liabilities and Shareholders' Equity eTextbook and Media List of Accounts Save for Later