Account Title	Debits	Credits
Cash	77,000
Short Term Investments	192,000
Accounts Reciveable	133,000
Long-Term Investments	40,000
Inventories	220,000
Loans to Employees	45,000
Prepaid Expenses (for 2019)	21,000
Land	285,000
Building	1,600,000
Machinery and Equip.	642,000
Patent	157,000
Franchise	45,000
Note Recievable	275,000
Interest Recievable	17,000
Accumulated Depreciation-building		625,000
Accumulated Depriciation-equiptment		215,000
Accounts Payable		194,000
Dividends Payable (payable on 1/16/19)		15,000
Interest Payable		21,000
Taxes Payable		45,000
Deffered Revenue		65,000
Notes Payable		310,000
Allowance for uncollectable accounts		13,000
Common Stock		2,020,000
Retained Earnings		226,000
Totals	3749000	3749000

Additonal Information:

1. The common stock represents 1.5 million shares of no par stock authorized, 550,000 shares issued and outstanding. 2. The loans to employees are due on June 30, 2019. 3. The note Receivable is due in installments of $55,000 payable on each September 30. Interest is payable annually. 4. Short term investments consist of marketable equity securities that the company plans to sell in 2019 and $55,000 in treasury bills purchased on December 15 of the current year that mature on Februry 15,2019. Long term investments consist of marketable equity securities that the company does not plan to sell in the next year. 5. Deferred revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2019, the remainder in 2020. 6. Notes payable consists of two notes, one for $105,000 due on January 15,2020 and another for $205,000 due on June 30, 2021. Required: Prepare a balance sheet for Vosburgh at December 31, 2018 Attached are 3 photos of the layout required for the answer.

VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2018 Assets Current assets Total current assets