Additional information: 1. The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale. The land originally cost $62,000 but, due to a significant increase in market value, is listed at $144,000. The increase in the land account was credited to retained earnings. 2. The investment in equity securities account consists of stocks of other corporations and are recorded at cost, $32,000 of which will be sold in the coming year. The remainder will be held indefinitely. 3. Notes payable are all long term. However, a $220,000 note requires an installment payment of $55,000 due in the coming year. 4. Inventory is recorded at current resale value. The original cost of the inventory is $172,000. Required: Prepare a corrected classified balance sheet for the Hubbard Corporation at December 31, 2021. (Amounts to be deducted should be ndicated by a minus sign.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities and Shareholders' Equity } \\ \hline Current liabilities: & & \\ \hline & & \\ \hline \hline Total current liabilities & & 0 \\ \hline Long-term liabilities: & & \\ \hline & & 0 \\ \hline \hline Total liabilities & & \\ \hline Shareholders' equity: & & \\ \hline & & \\ \hline \hline Total shareholders' equity & & \\ \hline Total liabilities and shareholders' equity & & \\ \hline \hline \end{tabular}