Given the following list of general ledger accounts,prepare a statement of financial position for Populus Corporation as of December 31,2010:
Definitions:
Accumulated Depreciation
The total depreciation of a fixed asset that has been charged to expense since the asset was acquired and put into use.
Office Supplies
Items used in offices for daily operations, including paper, pens, files, and other stationery.
Salaries Payable
A liability account that reflects the amounts owed to employees for services rendered but not yet paid.
Total Assets
The sum of all current and non-current assets owned by a company.
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