Instructions: Prepare a statement of financial position using the given below. 1. From the post-closing trial balance of Ochoa Enterprises, prepare a statement of financial position using account form and report form. Ochoa Enterprises Post-Closing Trial Balance December 31, 201A Debit Credit Cash in bank P 345,000 Petty Cash Fund 10,000 Accounts Receivable 350,000 Allowance for Bad Debts P 28,000 Prepaid Supplies 270,000 Prepaid Insurance 5,000 Prepaid Rent 250,000 Office Equipment 140,000 Accumulated Depreciation - Office Equipment 14,000 Laboratory Equipment 800,000 Accumulated Depreciation - Laboratory Equipment 80,000 Accrued Expenses 6,600 Accounts Payable 140,000 Notes Payable 200,000 SSS, PhilHealth, HDMF Payable 10,400 Withholding taxes Payable 29,000 R. Ochoa, Capital 1,912,000 R. Ochoa, Drawings 250,000 P2.420,000 P 2.420.000