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Mraturicil Problem 3-3 (Algo) Bolance sheet preparation [LO3-2, 3-3] The following is a December 31, 202t post closing trial balance for Aimwoy Comporation. Addisinsal information:

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Mraturicil Problem 3-3 (Algo) Bolance sheet preparation [LO3-2, 3-3] The following is a December 31, 202t post closing trial balance for Aimwoy Comporation. Addisinsal information: I tha ivestimeni in equty secuities accounh includes an mivestment in common stock of anothec carporation of s4t,ooo which thwighemient intents to nold for at least thee year. The batance of these imeetinents is intended fo be sodd in the comning year 2. The lard account inclades land woich cos 530,000 that the compary has not used and is cumently listed for saie. 1. The chah octount indiedes $26.000 restikted in a fond to poy bonds payable that matuite in 2024 and 534.000 restrkted in a Hvee ingonth liewary bit 4 the nofes peyatle accoum consts of the following a a 3 itoge nete due in sor months. Di is seroog note due in wik year. 5. F. Fin,000 note due in fiye annual intalments of 512.200 each, with the next instaltment due february 15,2022. 5. The sr,o0o bytance in accoanta receriable is nes of an aliowance for uncoltecuble accocunts of sa 000 600opo whares iiathonked Required: try a mintes sign) Problem 3-3 (Algo) Balance sheet preparation [LO3-2, 3-3] The following is a December 31, 2021, post-cosing trial balance for Almway Corporation. Additional informetiont 1. The investment in equity securites account includes an investment in common stock of another corporation of $41,000 which menogement intends to hold for at least three years. The bolance of these investments is intended to be sold in the coming year. 2. The land occount includes land which cost $36,000 that the company has not used and is currently listed for sale 3. The cash account includes $26,000 restricted in a fund to pay bonds poyabie that mature in 2024 and $34,000 restricted in a tree month Treasury bill. 4. The notes payable account consists of the following: 0. o $41,000 note due in six morths. b. a 561000 note due in six years. c. A $61,000 note due in five annual installments of 512.200 each, whth the next installment due february 15,2022. 5. The $71,000 balance in accounts recelvable is net of an allowance for uncollectible accounts of 58,000 . 6 The common stock account represents 11t,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 thares iuthoriaed. Required: Prepare a classified balance sheet for the Amwoy Corporation at December 31, 2021. (Amounts to be deducted should be indieated by a minus sign.)

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