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Need help with this. Please show us steps. Problem 3-3 Balance sheet preparation [LO3-2, 3-3 The following is a December 31, 2013, post-closing trial balance

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Problem 3-3 Balance sheet preparation [LO3-2, 3-3 The following is a December 31, 2013, post-closing trial balance for Almway Corporation. 71,000 136,000 73,000 213,000 6,000 116,000 433.000 Cash Accounts receivable Inventories Prepaid insurance Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds payable Common stock Retained eamings 113.000 123,000 73,000 23,000 101,000 169,000 33.000 253.000 339.000 113,000 Totals 1,194.000 1,194.000 Additional Information: 1. The investment account includes an investment in common stock of another 2 The land account includes land which cost $3a.000 that the company has not used 3. The cash account incluces $28.000 ser aside in a fund to pay bonds payable that corporation of $43,000 which management intends to hold for at least three years The balance of these investments is intended to be sold in the coming year and is currently listed for sale mature in 2016 and $36.000 set aside in a three-month Treasury bill. 1 of 12 re to search

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