9 The following is the ending balances of accounts at December 31, 2016, for the Weismuller Publishing Company Account Title Debits Credits Cash 77,000 Accounts receivable 172,000 Inventories 291,000 Prepaid expenses 160,000 Machinery and equipment 332,000 Accumulated depreciationequipment 116,000 Investments 152,000 Accounts payable 66,000 Interest payable 26,000 Deferred revenue 86,000 Taxes payable 36,000 Notes payable 230,000 Allowance for uncollectible accounts 22,000 Common stock 406,000 Retained earnings 196,000 Totals 1,184,000 1,184,000 Additional information 1 Prepaid expenses include $132,000 paid on December 31, 2016, for a two year lease on the building that houses both the administrative offices and the manufacturing facility 2 Investments include $36,000 in Treasury bills purchased on November 30, 2016 The bills mature on January 30, 2017 The remaining $116,000 includes investments in marketable equity securities that the company intends to sell in the next year 3 Deferred revenue represents customer prepayments for magazine subscriptions Subscriptions are for periods of one year or less 4 The notes payable account consists of the following a a $46,000 note due in six months b a $106,000 note due in six years c a $78,000 note due in three annual installments of $26,000 each, with the next installment due August 31, 2017 5 The common stock account represents 406,000 shares of no par value common stock issued and outstanding The corporation has 700,000 shares authorized Required Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2016 (Amounts to be deducted should be indicated by a minus sign )

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9. The following is the ending balances of accounts at December 31, 2016, for the Weismuller Publishing Company. Account Title Debits Credits Cash 77,000 Accounts

The following is the ending balances of accounts at December 31, 2016, for the Weismuller Publishing Company.

Account Title

Debits

Credits

Cash

77,000

Accounts receivable

172,000

Inventories

291,000

Prepaid expenses

160,000

Machinery and equipment

332,000

Accumulated depreciationequipment

116,000

Investments

152,000

Accounts payable

66,000

Interest payable

26,000

Deferred revenue

86,000

Taxes payable

36,000

Notes payable

230,000

Allowance for uncollectible accounts

22,000

Common stock

406,000

Retained earnings

196,000

Totals

1,184,000

Additional information:
1.	Prepaid expenses include $132,000 paid on December 31, 2016, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
2.	Investments include $36,000 in Treasury bills purchased on November 30, 2016. The bills mature on January 30, 2017. The remaining $116,000 includes investments in marketable equity securities that the company intends to sell in the next year.
3.	Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
4.	The notes payable account consists of the following:

	a.	a $46,000 note due in six months.
	b.	a $106,000 note due in six years.
	c.	a $78,000 note due in three annual installments of $26,000 each, with the next installment due August 31, 2017.

5.	The common stock account represents 406,000 shares of no par value common stock issued and outstanding. The corporation has 700,000 shares authorized.

Required:

Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2016.(Amounts to be deducted should be indicated by a minus sign.)