The statement of financial position of Marigold Corporation follows for the current year, 2020: MARIGOLD CORPORATION Statement of Financial Position December 31, 2020 Current assets $ 455,900 Current liabilities $ 357,200 Investments 601,600 Long-term liabilities 902,400 Property, plant, and equipment 1,616,800 Shareholders' equity 1,663,800 Intangible assets 249,100 $2,923,400 $ 2,923,400 The following additional information is available: The current assets section includes the following: cash $ 141,000; accounts receivable $ 159,800, less $ 9,400 allowance doubtful accounts; inventory $ 169,200; and unearned revenue $ 4,700. The cash balance is composed of $ 178,600, less: bank overdraft of $ 37,600 (at a separate financial institution). Inventory is stated at the lower of FIFO cost and net realiza 1. value. The investments section includes the following: note receivable from a related company, due in 2026, $ 37,600; FV-NI investments in shares $ 75,200 (fair value $75,200); FV-OCI investments in 2. shares $ 117,500 (fair value $ 145,700); bond sinking fund $ 235,000; and patents $ 108,100, net of accumulated amortization. Property, Plant, and Equipment include buildings $ 977,600, less accumulated depreciation $ 338,400; equipment $ 423,0 less accumulated depreciation $ 169,200; land $ 470,000; and land held for future use $ 253,800. 3. 4. Intangible Assets include franchise, net of accumulated amortization, $ 249,100. Current liabilities include the following: accounts payable $ 131,600; notes payable, short-term $ 75,200, long-term $ 112,800; and income tax payable $ 37,600. 5. 6. Long-term liabilities are composed solely of 7% bonds payable issued at a discount, due in 2028. 7. Shareholders' equity has 70,000 preferred shares (200,000 authorized), which were issued for $ 423,000, and 94,000 common shares (unlimited number authorized), which were issued at an average price of $10 per share. In addition, the corporation has retained earnings of $ 272,600 and accumulated other comprehensive income of $ 28,200. (a) Prepare a statement of financial position in good form. (Adjust the amounts in each SFP classification based on the additional information ) (List Assets in order of liguidity List Property Plant and Fauipment in order of Land. Buildings and Eguinment)

Below are the Statement of Financial Position of Malibu Finance Inc for the year 2020. Statement of Financial position 2020 Asset Cash P1,100,000.00 AR P1,027,000.00 Prepaid insurance P15,000.00 Marketable securities P600,000.00 Merchandise inventory P600,000.00 Furniture and fixtures [net] P350,000.00 Land $900,000.00 Building [net] $3,250,000.00 Total assets #7,842,000.00 Liabilities and Equity AP P1,530,000.00 Notes Payable (due in 6 months) P600,000.00 Bonds payable due in 5 years P500,000.00 Total liabilities P2,630,000.00 Shareholders Equity Ordinary shares $4,000,000.00

As of December 31, 2021, Halaga Corporation reported the following items in its balance sheet: Cash- P520,000 Receivables- P240,000 Inventory- P350,000 Equipment- P850,000 Accounts payable- P325,650 Short-term notes payable- P524,500 Long-term debt- P1,049,850 Weighted average of outstanding shares in 2021- P250,000 Halaga Corporation contracted a third-party appraiser which has determined that the replacement value of its assets. This resulted to P14.22 calculation as its replacement value per share of the company.Based on the report of the appraiser, the property and plant have replacement cost of 125% of its reported value. On the other hand, the equipment only commands replacement cost of 70% of its value. According to the appraiser, the equipment was designed using an old technology, thus, the lower replacement cost. Other assets and liabilities are valued fairly.How much is the book value per share of Halaga Corporation as of December 31, 2021?   a. Php 0.24 b. Php 14.22 c.…

Bonita Industries's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below.          December 31,               2021          2020    Assets       Cash $   439000   $   199000 Short-term investments      600000   — Accounts receivable (net) 1000000   1000000 Inventory 1360000   1190000 Long-term investments   398000     600000 Plant assets 3400000   2010000 Accumulated depreciation    (900000)      (900000) Patent     182000       201000       Total assets $6479000   $4300000  Liabilities and Stockholders' Equity       Accounts payable and accrued liabilities $1660000   $1460000 Notes payable (nontrade)      582000   — Common stock, $10 par 1587000   1410000 Additional paid-in capital     802000       500000 Retained earnings     1848000       930000       Total liabilities and stockholders' equity $6479000    $4300000 Information relating to 2021 activities:• Net income…