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B. Balance Sheet Prepare a classified Balance Sheet (20 pts.) Account balances and supplemental information for the Purple Corporation as of December 31, 2021, are given below. All of the accounts have a normal balance. Accounts Payable Accounts Receivable Accumulated Depreciation, Building Accumulated Depreciation, Equipment Allowance for Uncollectible Accounts Bonds Payable, due 2027 Building Cash Common Stock Discount on Bonds Payable Equipment Inventory Investment in Stock (long-term) Land Note Payable (see info below) Notes Receivable due in 90 days Other short-term payables Paid-in Capital in Excess of Par Prepaid Insurance Retained Earnings Unearned Revenue $ 75,900 146,600 300,000 84,000 5,000 1,320,000 1,500,000 243,900 400,000 20,000 840,000 395,100 392.000 660,000 120,000 150,000 176,300 1,560,000 7,200 303,600 10,000 The Common Stock includes 400,000 shares issued and outstanding. The $120,000 was borrowed from the bank on a 5-year note payable dated July 1, 2021. The loan is to be repaid in annual payments of $12,000 on July 1 each year, with the first payment due July 1, 2022