Current Attempt in Progress Your answer is partially correct. Whispering Winds Corp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion: Whispering Winds Corp. Statement of Financial Position For the Year Ended December 31, 2023 Current assets Cash (net of bank overdraft of $46,000) $ 440,000 Accounts receivable (net) 367,000 Inventory at the lower of cost and net realizable value 481,000 Question 5 of 5 by sun Inventory at the lower of cost and net realizable value FV-NI investments (at cost-fair value $260,000) Property, plant, and equipment Buildings (net) Equipment (net) 0.14/1 E I 481,000 280,000 650,000 350,000 305,000 Land held for future use Intangible assets Goodwill 81.000 Investment in bonds to collect cash flows, at amortized cost 99.000 Prepaid expenses 27,000 Current liabilities Accounts payable Notes payable (due next year) 265.000 305,000 (a) 0.14/1 Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $250,000 and that the accumulated depreciation balance for the equipment is $165,000. The allowance for expected credit losses has a balance of $32,000. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity List Property, Plant and Equipment in order of Buildings, and Equipment) WHISPERING WINDS CORP. Statement of Financial Position For the Year Ended December 31 2023 Assets 0 242000 381000 ING Cash Accounts Receivable Accounts Receivable Less Allowance for Doubtful Accounts Inventory FV-NI Investments Total Current Assets Property. Plant, and Eouloment Buildings Equipment 225 Mostly sunny a 0.14/1 399 32000 6501 350 ENG 6 gument 5 ze Mostly subey Question 5 of 5 Property. Plant, and Couloment Buildings Equipment 0.14/1 E I 650 350 Total Assets Goodwill Add 81000 Investments 99000 99 a ENG S Assignment 5 Question 5 of 5 220C 0.14/1 EE Liabilities and Shareholders' Equity 0 ENG US 2022-10-06 9 2216 Mostly SPTY Question 5 of 5 0.14/1 eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3used Submit Answer ENG 90