As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Answer is not complete. Henderson Manufacturing Company Balance Sheet At December 31, 2021 in 0005) Assets Henderson Manufacturing Company Balance Sheet At December 31, 2021 (5 in Bees) Assets Current assets: Cash Accounts receivable Allowance for uncollectible accounts Finished goods Inventory Prepaid expenses Total current assets Long-term assets: Investments Raw materials and work in process inventory Equipment Accumulated depreciation equipment Franchise $ 1,4ee 4.ee (580) 5,600 2,78 Current assets Cash 83 S 13, 2ee 1.400 3 3.500 Accounts receivable (not) Inventory 2,300 3,280 16, Bee (8,380) Finished goods OS 5.600 3.200 Raw materials and work in process 8.800 Franchise (net) X x 24 300 38.000 Total current assets Property, plant and equipment: Equipment 10,000 Acoumulated depreciation (8.300) 7.700 Net property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Interest payable-note Deferred revenue Total current liabilities Long-term liabilities: Bonds payable Interest payable-bonds Shareholders equity: Common stock Retained earnings Total liabilities and shareholders' equity $ 6,500 11, 569 2,7ee 20,780 Intangibles: Long term investments 2.300 2.700 X Prepaid expenses 10,00 588 Total assets S 50.700 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 3 8.500 Notes payable tolalala Interest expense 11.000 x 5003 2.700 X Deferred revenue Additional Information ($ In 000s): Total current abilities 20.700 Long-term ibilties Bonds payable IS 10,000 500 Interest expense 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 1.6. That is, total liabilities are 160% of total shareholders' equity. Retained earnings at the beginning of the year was $4,600. Net income for 2021 was $2.800 and $1.100 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 instaliments of $1,100 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 10.500 Total liabilities 31.200 Shareholders' equity Common stock 13.200 Retained earnings 0.300 Total shareholders' equity 19.500 Required: Prepare a complete, corrected, classified balance sheet. (Do not round your Intermediate calculations. 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.) Totallibilities and shareholders' equity S 50.700