Account Title Cash Investment in equity securities hooounts receivable Inventory Prepaid insurance for the next 9 months) Tand Building Accumulated depreciation-building gument Aeemsted depreciation equipment Patent (net) Accounts payable Notes payable Interest payable Bonde Payable Camontok Retained earnings Totals Debita Credits 67,000 132.000 71.000 211,000 9,000 112.000 431,000 $ 111,000 121,000 71.000 21,000 92.000 163,000 31.000 251.000 333,000 118,000 51,175,000 $1,175.000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 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 $36,000 that the company has not used and is currently listed for sale 3. The cash account includes $26.000 restricted in a fund to pay bonds payable that mature in 2024 and $34,000 restricted in a three month Treasury bill 4. The notes payable account consists of the following: a. a $41,000 note due in six months b. a $61,000 note due in six years c. a $61000 note due in five annual Installments of $12.200 euch, with the next installment due February 15, 2022 The $71,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000 The common stock account represents 111,000 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 Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents Investment in equity securities Accounts receivable Allowance for uncollectible accounts Net accounts receivable Inventory Prepaid insurance 0 0 Total current assets Investments: Investment in equity securities Land held for sale Restricted cash Total investments Property, plant, and equipment: 0