On January 1, 20X1, Cliff Constable Started a New Professional

On January 1, 20X1, Cliff Constable started a new professional corporation, Cliff Constable, LLC., to practice medicine with an initial investment of $50,000. On June 30, 20X1 the accounting records contained the following amounts: $$\begin{array} { | l | r | } \hline \text { Trade Payables } & \$ 100 \\\hline \text { Trade Receivables } & 3,900 \\\hline \text { Cash } & 25,100 \\\hline \text { Share Capital } & 50,000 \\\hline \text { Office Equipment } & 24,000 \\\hline \text { Office Supplies } & 500 \\\hline \text { Retained Earnings } & 3,400 \\\hline\end{array}$$ Prepare a statement of ?nancial position at June 30, 20X1.