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The post-closing trial balance of Shikellamy College had the following balances as of December 31,2017:...

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Accounting

The post-closing trial balance of Shikellamy College had the following balances as of December 31,2017:
Accounts payable $30,000
Accounts receivable 300,000
Accumulated depreciation 130,000
Allowance for uncollectible accounts 40,000
Buildings and equipment 350,000
Cash 80,400
Investments 210,000
Land 100,000
Mortgage payable 220,000
Payroll taxes payable 12,000
Donor restricted net assets 222,500
Unrestricted net assets 385,900
Required:
Prepare a statement of financial position for Shikellamy College on December 31,2017.

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