The following items are from the assets section of Devon Limited's December 31, 2015, statement of financial position:

Accounts receivable.........................................................................$ 4,145

Accumulated amortization-patents......................................................10,190

Accumulated depreciation-buildings....................................................22,470

Accumulated depreciation-equipment...................................................85,900

Buildings......................................................................................53,150

Cash............................................................................................97,625

Equipment...................................................................................166,750

Goodwill.......................................................................................42,425

Patent...........................................................................................29,415

Land...............................................................................................5,860

Trading investments...........................................................................71,630

Merchandise inventory.......................................................................93,320

Prepaid expenses................................................................................25,950

Instructions

(a) Identify the statement of financial position category in which each of the above assets should be classified.

(b) Prepare the assets section of the statement of financial position.