Check my work The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation Account Title 50 points eBook Print Reference Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation- building Accumulated depreciation- equipment Accounts payable Dividends payable (payable on 1/16/2822) Interest payable T Taxcs payabic Deferred revenue Notes payable Allavance for uncallectible accounts Common stack Retained earnings Totals Debits Credits 81.229 196, 990 137.290 42,90 222, 808 47,888 23,990 287, 288 1,620,199 644,99 159,800 47,899 295.800 19,890 627,899 217,600 196,888 17,000 23.999 47,999 67,000 314, 15,899 2,828.000 258,888 3,899,000 3,809,690 Additional information 1. The common stock represents 1 million shares of no par stack authorized, 570,000 shares issued and outstanding. 2. The receivables from emplaces are duc on June 30, 2022 3. The notes rccclvabic are duc in installments of $57,000, payable on cach September 30. Interest is payable annually 4. Short term investments consist of securities that the company plans to sell in 2022 and $57.000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long term investments consist of securities that the company does not plan to sell in the next year 5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $107.000 due on January 15, 2023, and another for $207.000 due on June 30, 2024 Required: Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Draw 1 of 1 :: Naut Check my work The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation Account Title 50 points eBook Print Reference Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation- building Accumulated depreciation- equipment Accounts payable Dividends payable (payable on 1/16/2822) Interest payable T Taxcs payabic Deferred revenue Notes payable Allavance for uncallectible accounts Common stack Retained earnings Totals Debits Credits 81.229 196, 990 137.290 42,90 222, 808 47,888 23,990 287, 288 1,620,199 644,99 159,800 47,899 295.800 19,890 627,899 217,600 196,888 17,000 23.999 47,999 67,000 314, 15,899 2,828.000 258,888 3,899,000 3,809,690 Additional information 1. The common stock represents 1 million shares of no par stack authorized, 570,000 shares issued and outstanding. 2. The receivables from emplaces are duc on June 30, 2022 3. The notes rccclvabic are duc in installments of $57,000, payable on cach September 30. Interest is payable annually 4. Short term investments consist of securities that the company plans to sell in 2022 and $57.000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long term investments consist of securities that the company does not plan to sell in the next year 5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $107.000 due on January 15, 2023, and another for $207.000 due on June 30, 2024 Required: Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Draw 1 of 1 :: Naut