Question 1 (40 points) Indicate by letter where should the following items be shown on the statement of financial position? Statement of Financial Position classifications: A. Investments B. Property, Plant & Equipment C. Intangible Assets D. Other non-current assets E. Current Assets F. Equity G. Non-Current Liabilities H. Current Liabilities Statement of Financial Position items Income Tax Payable Account Payable. Inventory Accounts receivable. Land (currently in use). Accumulated depreciation of plant and equipment. Land (not currently in use, held as an investment). Accumulated other comprehensive income. Non-controlling interest (minority interest). Allowance for doubtful accounts. (Contra account for A/R) Question 2 (40 points) Presented below is the adjusted trial balance of Dora Corporation at December 31, 2019. Credit Debit $ 6,850 2,200 2,000 49,000 $ 10,000 1,950 Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Trademarks Accounts Payable Salaries and Wages Payable Unearned Service Revenue Bonds Payable (due 2022) Share Capital - Ordinary Retained Earnings Service Revenue Salaries and Wages Expense Insurance Expense Rent Expense Interest Expense Total 11,000 1,500 3,000 10,000 11,000 21,000 11,000 10,000 2,400 2,200 1,900 78,500 78,500 Additional information: No dividends were declared during 2019. Instructions Prepare a classified statement of financial position as of December 31, 2019. (Hint: First compute Net Income/Loss and then Retained Earnings-Ending) Question 3 (Essay) (20 points) Provide clear, concise answers for the following. 1. What are assets? 2. What are intangible assets? 3. What are liabilities