3. Jennings Incorporated provided the following account balances at December 31, 2021. Account Investment at fair value (trading) Accounts payable Additional paid-in capital Dividends payable Allowance for doubtful accounts Equipment under capital lease Intangible assets -net Merchandise inventory Income taxes payable Debit Credit $ 360,000 $ 324,560 700,000 35,400 20,000 670,000 123,000 890,125 65,000 Cash 187,000 Notes payable, due in 10 years 800,000 Retained earnings 713,000 Obligations under capital leases (noncurrent) 640,000 Obligations under pension plans 325,675 Deferred tax liability (noncurrent) 45,000 Accumulated other comprehensive income 235,750 Current portion of long-term debt 76,000 Property, plant, and equipment - net 1,567,500 Investments in affiliate companies (noncurrent) 493,960 Accounts receivable 470,000 Bonds payable, due in 20 years 606,700 Common stock, $1 par value 174,500 Totals 4,761,585 4,761,585 Required: Prepare the classified balance sheet at December 31, 2021 using the report form (20 points)