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help Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments Property, plant, and equipment Intangible assets Total assets

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Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 668.000 551.000 2.476,000 234,000 $ 3,929.000 $ 468.000 541.000 2.820.000 $3.929.000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $167,000; accounts receivable, $217,000; inventories, $242,000, and prepaid Insurance, $42,000. b. Investments: investments in common stock, short term, $107,000, and long term, $177,000; and restricted cash, long term, $267.000. c. Property, plant, and equipment buildings, $1,670,000 less accumulated depreciation, $617,000, equipment, $670,000 less accumulated depreciation, $217,000, and land. $970,000. d. Intangible assets: patent, $127.000, and copyright, $107.000 e. Current liabilities: accounts payable, $117,000; notes payable, short term, $167,000, and long term, $107,000; and taxes payable, $77,000 f. Long-term liabilities: bonds payable due 2023. g. Shareholders' equity: common stock. $1,850,000, retained earnings. $970,000. Six hundred thousand shares of no par common stock are authorized, of which 370,000 shares were issued and are outstanding. Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) HHD, INC. Balance Sheet At December 31, 2018 Assets Current assets Cash Accounts receivable Inventories Prepaid insurance Inventories 0 Total current assets Property, plant, and equipment Machinery Accumulated depreciation @ Net property, plant, and equipment Intangible assets Patent Copyright Prey 1 of 2 Nex

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