Correcting the Presentation of a Classified Balance Sheet The following draft of a balance sheet was prepared for Roslyn Corp., but includes a number of errors in classification, presentation, and computation. Additional information *Note payable includes interest due of $1,200. The note is due in 2 years and interest is due in 6 months. *Net accounts receivable of $144,600 consists of accounts receivable of $154,200 minus an allowance for doubtful accounts of $9,600. * Common stock includes $105,000 attributed to additional paid-in capital. * Included in the cash balance is $12,000 of cash restricted for 9 months due to a debt covenant. Prepare a corrected classified balance sheet for Roslyn Corp. on December 31. Note: Do not use negative signs with any of your answers EXCEPT FOR accumulated other comprehensive income. Liabilities and Stockholders' Equity