Please do not give solution in image format ? and explain proper steps by Step.? Prepare a classified statement of financial position in good form. The numbers of authorized shares are as follows: unlimited common and 20,000 preferred. AssumePV NI investments are stated at fair value. (List Current Assets in order of liquidity List Property Plant, and Equipment in order of Land, Buildings and Equipment)>Current AssetsCachNos valdePrepaid ExpensesInventoryIncome Tax RoachableTotal Current AssetsProperty Man and BautomontLandBuildingsLess Accumulated Depressbun-BuildingsEquipmentAccumulated Depreciation EquipmentShow Transcribed TextGrouper Inc.Statement of Financial PositionFor the Year Ended December 31, 2023Assets1,125,200251.2861,067,100446,40012/03/143Ċ334,80081,76622301490,796112,5301257407tincome tax accounts, notes receivable, bank loan, and notes payable are short term, unless stated otherwise, and that theLiabilities and Shareholders' Equity$P Statement of financial position items for Grouper Inc. follow for the current year, 2023:GoodwillBank loanBonds payable due 2027CashLandNotes receivableNotes payableAccounts payableRetained earningsIncome tax receivableNotes payable (due in five years)$116,250Accumulated depreciation-equipmentInventoryRent payableIncome tax payable446,400Rent payable (long-term)414,501Common shares (20,000 shares issued)246,450 Preferred shares (15,000 shares issued)455,700Prepaid expensesEquipmentFV-NI investments165,160266,100334,800?90,7961,488,000Accumulated depreciation-buildingsBuildings$271,560223,01441,85091,477446,400186,000139,50081,7661,367,100112,530251,2861,525,200

Retained earnings are recorded in the stockholders' section of the Balance Sheet.A balance sheet is…

Statement of financial position items for Grouper Inc. follow for the current year, 2023: Goodwill Bank loan Bonds payable due 2027 Cash Land Notes receivable Notes payable Accounts payable Retained earnings Income tax receivable Notes payable (due in five years) $116,250 165,160 266,100 334,800 446,400 414,501 246,450 455,700 ? 90,796 1,488,000 Accumulated depreciation-equipment Inventory Rent payable Income tax payable Rent payable (long-term) Common shares (20,000 shares issued) Preferred shares (15,000 shares issued) Prepaid expenses Equipment FV-NI investments Accumulated depreciation-buildings Buildings $271,560 223,014 41,850 91,477 446,400 186,000 139,500 81,766 1,367,100 112,530 251,286 1,525,200