Identify the errors, corrections required, and corrected subtotals required in the following classified statement of financial position. Then prepare a corrected statement of financial position.

RUMPBELL INC.

Statement of Financial Position

Year Ended December $31,2024$

Assets

Current assets

Accounts receivable $($net of accounts payable of $$2,000).$

Prepaid insurance.

Intangible Assets

$q,$

$q,$

Property, plant, and equipment $q,$

Less: Accounted depreciation. $q,$

Other assets $($non$-$current$)$

Total assets.

$q,$

$q,$

Liabilities

Bank loan payable $($due in six months$)q,$ $$9,500$

Long$-$term debt $q,6,700$

Total liabilities. $q,$

$16,200$

Shareholders' equity

Retained earnings.

Less: Dividends declared $q,$

$$2,460$

Common shares. $q,$

Total. $q,$