The following list of accounts, in alphabetical order, is for Aventura Inc. at November 30, 2015:

______________ Accounts payable........................................$ 26,200

______________ Accounts receivable.......................................19,500

______________ Bank loan payable..........................................34,000

______________ Buildings........................................................100,000

______________ Cash...............................................................  20,000

______________ Common shares........................................... 20,000

______________ Equipment.................................................... 30,000

______________ Income tax payable.....................................   6,000

______________ Land.............................................................. 44,000

______________ Merchandise inventory.............................. 18,000

______________ Mortgage payable....................................... 97,500

______________ Retained earnings......................................  48,500

______________ Supplies......................................................        700

Instructions

(a) For each of the above accounts, identify whether it is an asset (A), liability (L), or shareholders' equity (SE) item.

(b) Prepare a statement of financial position at November 30.