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As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant Henderson Manufacturing Company Balance Sheet

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As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant Henderson Manufacturing Company Balance Sheet At December 31, 2021 ($ in eees) Assets Current assets: Cash $ 1,950 Accounts receivable 4.450 Allowance for uncollectable accounts (ree) Finished goods Inventory 6,300 Prepaid expenses 4. lee Total current assets 16, lee Long-term assets: Investments 3, 7e Raw materials and work in process inventory 4,500 Equipment 23,8 Accumulated depreciation-equipment (9,78e) Franchise Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 7,90 Notes payable 15.00 Interest payable-note 4ee Deferred revenue 2.ee Total current liabilities 26,00 Long-term liabilities: Bonds payable 8,eee Interest payable-bonds 200 Shareholders' equity: Common stock Retained earnings Total liabilities and shareholders aquity Additional Information ($ In 000s): 1. Certain records that included the account balances for the franchise and shareholders' equity items were lost. However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.5. That is, total liabilities are 150% of total shareholders' equity. Retained earnings at the beginning of the year was $3,900. Net Income for 2021 was $3,000, and $1,000 in cash dividends were declared and paid to shareholders. 2 The Investments represent treasury bills purchased in December 2021 that mature in January 2022. These are considered cash equivalents 3. Interest on both the notes and the bonds is payable annually 4. The notes payable account contains one note that is due in annual Installments of S1,500 for each payment due. 5. Deferred revenue will be recognized equally over the next 18 months 6. The common stock represents 500.000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding. Required: Prepare a complete, corrected, classified balance sheet. (Do not round your intermediate celculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be Indicated by a minus sign. Enter your answers in thousands of dollars.) Henderson Manufacturing Company Balance Sheet At December 31, 2021 (s in 000) Assets Current assets Inventory D Total current assets 0 Property, plant and equipment Net property, plant, and equipment Intangibles Total assets $ 0 Liabilities and Shareholders' Equity Current liabies Total assets s Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity S 0

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