The combo company adjusted trail balance for the year ended 31/12/2018 (in thousands $ )...

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Accounting

The combo company adjusted trail balance for the year ended 31/12/2018 (in thousands $ )

Cach

50485

Franchise

30000

Treasury stock

12750

Twenty-year 12% notes payable due January 1 /2025

250000

Holding for sale investments

50030

Account receivable

162824

Inventories at NRV

426037

Bonds due January 31/2022

175000

Land

25000

Allowance for doubtful accounts

1850

Accounts payable

157532

Investment for maturity in 2025

87500

Accrued interest on notes payable

1350

Equipment

232500

Notes payable to bank half due in 2019

65000

Income taxes payable

7270

Pension provision

75000

Notes receivable due in 2019

67576

Building

850800

Good will

56000

Accumulated depreciation Building

291200

Accumulated depreciation Equipment

57500

Copyright

14000

Salaries payable

13850

Accumulated other comprehensive income

3650

Supplies on hand

5100

Prepaid expenses

12252

Retained earnings

163182

Share premium preference

16470

Share premium ordinary

54000

  1. Share capital preference 7% authorized to issued 50000 issued and outstanding 30000 shares of 10$ per value
  2. Share capital ordinary authorized to issued 50000 shares of 1$ per value issued and outstanding 450000 shares
  3. The company decided that one equipment with cost 32500 and accumulated depreciation 500 will be not use more in operation and will hold for sale

Required : prepare classification statement of financial position for the year ended 31/12/2018

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