Question: Please make sure the solution is correct with the steps Credits Debits $ 197,000 $ 7,900,000 153,000 4.800,000 299,000 277,000 90,000 455,000 2,000,000 63,000 260,000

Credits Debits $ 197,000 $ 7,900,000 153,000 4.800,000 299,000 277,000 90,000 455,000 2,000,000 63,000 260,000 1,040,000 136,000 96,000 435,000 Cash Sales Trading Securities (at cost, $145,000) Cost of Goods Sold Long-term Investments in Bonds Long-term Investments in Share Capital-Ordinary Short-term Notes Payable Accounts Payable Selling Expenses Investment Revenue Land Buildings Dividends Payable Accrued Liabilities Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventories Provision for Pensions (long-term) Long-term Notes Payable Equipment Bonds Payable Accumulated Depreciation Equipment Franchise Share Capital-Ordinary ($5 par) Treasury Shares Patent Retained Earnings Accumulated Other Comprehensive Income Totals 352,000 25,000 900,000 211,000 597,000 80,000 900,000 600,000 1,000,000 60,000 160,000 1,000,000 191,000 195,000 78,000 80,000 $12,315,000 $12,315,000 Requirement Prepare statement of financial position at December 31, 2010 V Corporation
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