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Chapter #5 - Practice Problem 1) Hint: Exer 5-8 pg 51 (which we did) is similar to this problem. The trial balance for X Corp. at December 31, 2024, follows: S460,000 58,600,000 105.000 2.890.000 2.000.000 120,000 260,000 435,000 310,000 110,000 $10,000 400,000 850,000 Cash Sales Revenue FV-N1 Investment at FV) Unusual Loss Investment Income Loss Begining Inventory Purchases Bond Investment at Amortized Cost Land Accumulated Depreciation Equip. Accounts Payable Note Payable (Due in 13 months Equipment Accumulated Depreciation - Building Accrued Liabilities Note Payable (Due in 10 months) Common Shares Building FV-OCI Investment (F.V. 5740,000) Accounts Receivable Accumulated OCI Allowance for Doubtful Accounts Prepaid Insurance Intangible Assets - Copyrights Bonds Payable Intangible Assets - Patents Retained Earnings Selling Expenses Administrative Expenses Interest Expense 444,000 123,000 62.000 1.111,000 2,000,000 1.900.000 620,000 3.584,500 110,000 930,000 340,000 1.400,000 120,000 866.000 2,700,000 1,000.500 200.000 517320.500 $17,320,500 Additional Information: X Corp. follows a periodic inventory system. Ending inventory is $50,000. Required: 1) Prepare a Classified SFP as at December 31, 2024. Ignore income taxes. 2) What is Working Capital for X Corp

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