Extracted text: Create a Statement of Financial Position using the given Data for The Wealthy Co. Merchandising Business for period ended July 31,2020 Account No. Account Name Adjusted Trial Balance Debit Trial Balance Adjustments Debit SFP SCI Debit Credit Credit Credit Debit Credit Debit Credit 1000 Cash 91,525 91,525 91,525 1200 Accounts Receivable 30,140 30,140 30,140 1300 Inventory 1400 Prepaid Expenses 20,050 20,050 20,050 30,000 5,000 30,000 5,000 30,000 1600 Office Equipment 45,000 45,000 45,000 1601 AccumDeprn - Off Eqpt 2000 Accounts Payable 750 750 750 3,000 3,000 3,000 2201 Salaries Payable 7,000 7,000 7,000 3000 Sy, Drawings 3100 Sy, Capital 10,000 10,000 10,000 200,000 200,000 200,000 4100 Sales 72,710 72,710 72,710 4101 Sales Returns&Allowances 1,320 1,320 1,320 4102 Sales Discount 825 825 825 5100 Cost of Sales 32,450 32,450 32,450 6100 Salaries Expense 7,000 7,000 14,000 14,000 6200 Utilities Expense 7,400 7,400 7,400 6300 Rental Expense 5,000 5,000 5,000 6500 Depreciation Expense 750 750 750 275,710 275,710 12,500 12,500 288,460 288,460