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Please show a corrected balance sheet with your work. Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments

Please show a corrected balance sheet with your work. image text in transcribed
Presented below is the balance sheet for HHD, Inc., at December 31, 2018 Current assets Investments Property, plant, and equipment Intangible assets 632,eee 524,000 2.224,000 216,e0e $3,596,0ee Total assets Current 1liabilities Long-tern liabilities Shareholders equity Total liabilities and shareholders equity S 432,0ee 884,eee 2,280,00 $3,596,ee0 The captions shown in the summarized statement above include the following: a. Current b. Investments: investments in common stock, short term, $98,000, and long term, $168,000; and restricted cash, long term, $258,000 c Property, plant, and equipment: buildings, $1,580,000 less accumulated depreciation, $608,000; equipment, $580.000 less accumulated depreciation, $208,000; and land, $880.,000. d Intangibie assets: patent, $118,000; and copyright, $98,000. e Current liabilities: accounts payable, $108,000; notes payable., short term, $158.000, and long term, $98,000; and taxes payable $68,000. f Long-term liabilities: bonds payable due 2023. g Shareholders' equity: common stock, $1,400,000; retained earnings, $880,000. Six hundred thousand shares of no par common stock are authorized, of which 280.000 shares were issued and are outstanding. cash, $158,000, accounts receivable, $208,000; inventories, $233,000: and prepaid insurance, $33,000 Required: Prepare a corrected classified balance sheet for HHD, Inc, at December 31, 2018. (Amounts to be deducted should be Indicated by o minus sign.)

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