7 The following is a December 31, 2021, post-closing trial balance for Amway Corporation Book Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipnent Accumulated depreciation equipient Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits Credits: 1 69,900 134.000 72.000 212,000 8,000 114,000 432,000 $ 112,080 122,000 72,000 22,000 99,000 166,000 32,000 252,00 336,000 116,000 $1,185,000 $1,185,000 Print Additional Information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $42,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $37,000 that the company has not used and is currently listed for sale 3. The cash account includes $27,000 restricted in a fund to pay bonds payable that mature in 2024 and $35,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $42.000 note due in six months b. a $62,000 note due in six years. c. a $62.000 note due in five annual installments of $12,400 each with the next installment due February 15, 2022 5. The $72,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 112,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2021 (Amounts to be deducted should be indicated by a minus sign.) ALMWAY CORPORATION Saved 7 Assets Current assets points Net accounts receivable eBook Print Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Taw