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The following account balances were provided by Adam$$s

Company as of December $31,2022$:

Notes receivable$-$ trade $2,500,000$

Notes payable$-$ trade $1,500,000$

Income tax payable $250,000$

Patent $150,000$

Cash on hand awaiting deposit $500,000$

Acount receivable$-$ trade $2,000,000$

Finished goods $900,000$

Claims receivable $200,000$

Franchise $200,000$

Goods in process $400,000$

Goodwill $500,000$

Factory supplies $100,000$

Office supplies $40,000$

Cash in bank $1,400,000$

Sinking fund $250,000$

Raw materials $300,000$

Ordinary shares, par P$1008,000,000$

Time deposit, due in $60$ days $1,000,000$

Investment in subsidiary $1,200,000$

Allowance for doubtful accounts $200,000$

Land $2,500,000$

Withholding tax payable $150,000$

SSS payable $300,000$

Accumulated dpreciation$-$ building $1,500,000$

Accumulated depreciation$-$ machinery $1,000,000$

Refundable deposit of customers$-$ long term $100,000$

Prepaid insurance $180,000$

Investment in bonds $500,000$

Bonds payable $6,000,000$

Building $6,000,000$

Machinery $3,000,000$

Advances to officers collectible in $20251,800,000$

Share premium $200,000$

Retianed earnings $3,860,000$

Accrued interest on notes receivable $120,000$

Deferred tax liability $100,000$

Accounts payable $2,500,000$

Trading securities $400,000$

Cash surrender value $120,000$

Retained earnings appropriated for contingencies $500,000$

Warranty payable $300,000$

Required: Prepare the statement of financial position of Adam$$s

Company as of December $31,2022$ with supporting schedule.

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