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Please use this information to prepare a statement of financial position 1. assets 2.liabilities...

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Accounting

Please use this information to prepare a statement of financial position
1. assets
2.liabilities and shareholders equity
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These items are taken from the financial statements of Sheridan Corporation for the year ended December 31, 2024: Accounts receivable Insurance expense Salaries expense Accumulated depreciation-equipment Income tax expense Supplies Operating expense Supplies expense Bank loan payable, due 2027 Trading investments Accumulated depreciation-buildings Interest expense Interest revenue 16,800 2,640 153,200 20,800 6,938 240 46,500 1,180 17,700 23,600 21,200 1,770 600 Additional information: Additional information: 1. Sheridan started the year with $35,400 of common shares and issued $4,600 more during the year. 2. Sheridan must pay $1,770 of the bank loan payable next year in 2025

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