p C M Chapter 3.H The folowing in the ending balances of accounts at December 31, 2016, for the Weismuller Publishing Company Account Ttle 73,000 168,000 289,000 156,000 328,000 Accounts receivable Prepaid expenses Machinery and equipment Accumulated depreciation-equipment 114,000 Investments Accounts payable Interest payable Deferred revenue Taxes payable Notes payable Allowance for uncollectible accounts 148,000 64.000 24,000 84,000 34,000 220,000 20,000 404,000 196,000 Common stock Retained earnings Totals 1162,000 1,162,000 Additional Information: 1. Prepaid expenses include $128,000 paid on Decembor 2 Investments include $34 000 in Treasury bills purchased on Novembor 30. 2016 The bills mature on 3 Deferred r 4 The notes payable account consists of the following 31, 2016, for a two-year lease on the building that houses both the administrative offices and the manufacturing January 30, 2017. The remaining $114,000 includes investments in marketable equity securities that the company ientends to sel in the next year revenue represents customor prepayments for magazine subscriptions Subscriptons are for periods of one year or less a a $44,000 note due in six months b. a $104,000 note due in six years c a $72,000 noto due in three annual instalinments of $24,000 each, with the next instalment due August 31, 2017 5. The common stock account represents 404,000 shares of no par value common stock issued and outstanding The corporation has 600 000 shares authonized Required: Preparo a classified balanced sheot for the Weismulier Publishing Company at December 31 2016 Amounts to be deducted should be indicated by a minus sign.) R PUBLISHING C Balance Sheet At December 31,2016