The bookkeeper for Liba Ltd. has prepared the following statement of financial position as of July 31, 2019 (amounts in thousands).

The following additional information is provided.
1. Cash includes ¥1,200 in a petty cash fund and ¥12,000 in a bond sinking fund.
2. The net accounts receivable balance is comprised of the following three items: (a) accounts receivable-debit balances ¥52,000, (b) accounts receivable-credit balances ¥8,000, and (c) allowance for doubtful accounts ¥3,500.
3. Inventory costing ¥5,300 was shipped out on consignment on July 31, 2015. The ending inventory balance does not include the consigned goods. Receivables in the amount of ¥5,300 were recognized on these consigned goods.
4. Equipment had a cost of ¥112,000 and an accumulated depreciation balance of ¥28,000.
5. Income taxes payable of ¥9,000 were accrued on July 31. Liba Ltd. however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount.
Instructions
Prepare a corrected classified statement of financial position as of July 31, 2019, from the available information, adjusting the account balances using the additional information.

Liba Ltd. Statement of Financial Position As of July 31, 2019 Equipment (net) 84,000 Equity 155,500 Patents 21,000 Non-current liabilities 75,000 60,000 Notes and accounts payable 44,000 Inventory Accounts receivable (net) 40,500 274,500 Cash 69,000 274,500