*Create a Classified Balance Sheet.

The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash $ 67,000 Short-term investments Accounts receivable 182,000 123,000 35,000 Long-term investments 215,000 Inventory Receivables from employees Prepaid expenses (for 2022) 40,000 16,000 Land 280,000 Building 1,550,000 Equipment 637,000 Patent (net) 152,000 Franchise (net) 40,000 Notes receivable Interest receivable 250,000 12,000 Accumulated depreciation-building $ 620,000 Accumulated depreciation-equipment 210,000 189,000 Accounts payable Dividends payable (payable on 1/16/2022) 10,000 Interest payable 16,000 Income taxes payable 40,000 Deferred revenue 60,000 300,000 Notes payable Allowance for uncollectible accounts 8,000 Common stock Retained earnings 2,000,000 146,000 $3,599,000 $3,599,000 Totals Page 154 Additional Information: 1. The common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022. 3. The notes receivable are due in installments of $50,000, payable on each September 30. Interest is payable annually. 4. Short-term investments consist of securities that the company plans to sell in 2022 and $50,000 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. Eighty percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $ 100,000 due on January 15, 2023, and another for $200,000 due on June 30, 2024. The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash $ 67,000 Short-term investments Accounts receivable 182,000 123,000 35,000 Long-term investments 215,000 Inventory Receivables from employees Prepaid expenses (for 2022) 40,000 16,000 Land 280,000 Building 1,550,000 Equipment 637,000 Patent (net) 152,000 Franchise (net) 40,000 Notes receivable Interest receivable 250,000 12,000 Accumulated depreciation-building $ 620,000 Accumulated depreciation-equipment 210,000 189,000 Accounts payable Dividends payable (payable on 1/16/2022) 10,000 Interest payable 16,000 Income taxes payable 40,000 Deferred revenue 60,000 300,000 Notes payable Allowance for uncollectible accounts 8,000 Common stock Retained earnings 2,000,000 146,000 $3,599,000 $3,599,000 Totals Page 154 Additional Information: 1. The common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022. 3. The notes receivable are due in installments of $50,000, payable on each September 30. Interest is payable annually. 4. Short-term investments consist of securities that the company plans to sell in 2022 and $50,000 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. Eighty percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $ 100,000 due on January 15, 2023, and another for $200,000 due on June 30, 2024