Problem 2: 10 marks (25 minutes)
Below are the unadjusted account balances for Gotham Corp as of December 31, 2021
Unadjusted Account Balances
Account	Amount
Accounts payable	3,390
Accounts receivable	77,850
Accumulated depreciation	20,100
Cash	73,000
Common Shares	135,000
Cost of goods sold	194,000
Equipment	155,000
Interest expense	7,333
Inventory	29,000
Long term investments	80,000
Long term loan	200,000
Prepaid insurance	33,087
Retained Earnings	25,000
Sales	309,000
Salaries expense	49,220
Unearned revenue	6,000
The accountant recorded the following adjusting entries at the end of the year:
Depreciation on the equipment	15,500
Salaries payable for 6 days of work	3,000
Interest expense	4,667
Insurance expense for the year	19,087
Income tax expense, not yet paid	2,423
All unearned revenue obligations were fulfilled
Required: Prepare a Statement of Financial Position for the year 2021.