Debits Fauipment Patent (net) The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Credits Cash $ 75,000 Investment in equity securities 140,000 Accounts receivable 75,000 Inventory 215,000 Prepaid insurance (for the next 9 months) 7,000 Land 120,000 Buildings 435,000 $ 115,000 125,000 Accumulated depreciation equipment 75,000 25, eee Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals 105,eee 175, eee 35,000 255,000 345,000 112,000 $1,217,000 $1,217,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $45,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $40,000 that the company has not used and is currently listed for sale. 3. The cash account includes $30,000 restricted in a fund to pay bonds payable that mature in 2024 and $38,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $45,000 note due in six months. b. a $65,000 note due in six years. c. a $65,000 note due in five annual installments of $13,000 each, with the next installment due February 15, 2022. 5. The $75,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $5,000. 6. The common stock account represents 115,000 shares of no par value common stock issued and outstanding. The corporation has 400,000 shares authorized Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) ALMWAY CORPORATION Balance Sheet At December 31, 2021 ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Net accounts receivable Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity