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please complete balance sheet The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company Credits Debits 69,000 164,000

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The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company Credits Debits 69,000 164,000 287,000 152.000 324,000 $ 112,000 144,000 Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 62,000 22.000 82,000 32,000 210,000 18,000 402.000 200,000 $1,140,000 $1,140,000 Additional information: 1. Prepaid expenses include $124,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $32,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $112,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $42,000 note due in six months. b. a $102,000 note due in six years. c. a $66,000 note due in three annual installments of $22,000 each, with the next installment due August 31, 2022. 5. The common stock account represents 402,000 shares of no par value common stock issued and outstanding. The corporation has 804,000 shares authorized. Required: Prepare a classified balanced sheet for the Welsmuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets: Cash and cash equivalents $ 101.000 Net accounts receivable Inventory Prepaid expenses 287,000 90,000 478,000 S Total current assets Property, plant, and equipment: Equipment Accumulated depreciation Net property, plant, and equipment Other assots: 324,000 (112.000) 212,000 Prepaid expenses 62.000 752,000 62.000 Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable 22.000 82.000 2.000 Notes payable 198,000 Total current liabilities Long-term liabilities: Notes payable 198,000 Total liabilities Shareholders' equity: Common stock Retained earnings $ 402,000 200,000 Total shareholders' equity Total liabilities and shareholders' equity 602,000 800,000 $

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