prepare a corrected classified balance sheet for the Hubbard corporation

essie are married and have one dependent child, Lizzie. Lizzie is currently in college at State Universit design engineer for a manufacturing firm while Jessie runs a craft business from their home. Jessie's consists of making craft items for sale at craft shows that are held periodically at various locations. Jess ble time and effort on her craft business, and it has been consistently profitable over the years. Joe an me and pay interest on their home loan (balance of $220,000 ) and a personal loan to pay for Lizzie's co (balance of $35,000). oe nor Jessie is blind or over age 65, and they plan to file as married-joint. Assume that the employer pub employment tax on Jessie's income is $856. Joe and Jessie have summarized the income and expenses report this year as follows: essie are married and have one dependent child, Lizzie. Lizzie is currently in college at State Universit design engineer for a manufacturing firm while Jessie runs a craft business from their home. Jessie's consists of making craft items for sale at craft shows that are held periodically at various locations. Jess ble time and effort on her craft business, and it has been consistently profitable over the years. Joe an me and pay interest on their home loan (balance of $220,000 ) and a personal loan to pay for Lizzie's co (balance of $35,000). oe nor Jessie is blind or over age 65, and they plan to file as married-joint. Assume that the employer pub employment tax on Jessie's income is $856. Joe and Jessie have summarized the income and expenses report this year as follows