he following is a December 31, 2011, post-closing trial balance for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash $ 67,200 Short-term investments 184,000 Accounts receivable 124,600 Long-term investments 35,900 Inventories 216,900 Loans to employees 40,300 Prepaid expenses (for 2012) 17,300 Land 295,000 Building 1,566,000 Machinery and equipment 641,000 Patent 115,000 Franchise 59,000 Note receivable 285,000 Interest receivable 12,900 Accumulated depreciation building $ 606,000 Accumulated depreciation equipment 205,000 Accounts payable 188,100 Dividends payable (payable on 1/16/12) 28,000 Interest payable 15,800 Taxes payable 39,800 Unearned revenue 56,000 Notes payable 281,000 Allowance for uncollectible accounts 6,700 Common stock 2,000,000 Retained earnings 233,700 Totals $ 3,660,100 $ 3,660,100 Additional information: 1. The common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding. 2. The loans to employees are due on June 30, 2012. 3. The note receivable is due in installments of $57,000, payable on each September 30. Interest is payable annually. 4. Short-term investments consist of marketable equity securities that the company plans to sell in 2012 and $14,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2012. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year. 5. Unearned revenue represents customer payments for extended service contracts. 77 percent of these contracts expire in 2012, the remainder in 2013. 6. Notes payable consists of two notes, one for $95,000 due on January 15, 2013, and another for $186,000 due on June 30, 2014. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2011. (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts as positive values. Omit the "$" sign in your response.) VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2011 Assets Current assets: $ Total current assets Investments: $ Total investments Property, plant, and equipment: Net property, plant, and equipment Intangibles: Total intangibles assets Total assets $ Liabilities and Shareholders' Equity Current liabilities: $ Total current liabilities Long-term liabilities: $ Total long-term liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity $