Please do not give solution in image format thanku BuildingsAccounts receivablePrepaid insuranceCashEquipmentLandOffice expenseIncome tax expenseDepreciation expenseInterest expenseCommon sharesRetained earnings (January 1, 2018)Accumulated depreciation-buildingAccounts payableIncome taxes payableBank loan payable (due July 1, 2020)Accumulated depreciation-equipmentInterest payableSales(a)(b)$84.64010,0803,7449,47265,92048,9604641604,2402,08049,60032,00036,4806,72088074,88014,9762,88011.344Prepare a classified statement of financial position. Assume that $10,880 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildings and equipment. List Current Assets in order of liquidity.)BLUE SPRUCE CORP.Statement of Financial Position Prepare a classified statement of financial position. Assume that $10,880 of the bank loan payable will be paid in 2019. (List Property, plant and equipment in order of land, buildingsBLUE SPRUCE CORP.Statement of Financial Position▼:▼:$$AssetsLiabilities and Shareholders' Equity$$$[1]$$$

Statements of financial condition are frequently used to refer to the balance sheet. The statement…

Buildings Accounts receivable Prepaid insurance Cash Equipment Land Office expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable Income taxes payable Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment Interest payable Sales $84,640 10,080 3,744 9,472 65,920 48.960 464 160 4,240 2,080 49.600 32,000 36,480 6,720 880 74,880 14,976 2.880 11,344