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Presented below is the balance sheet for HHD, Inc., at December 31, 2021 Current assets Investments Property, plant, and equipment Intangible assets Total assets Current

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Presented below is the balance sheet for HHD, Inc., at December 31, 2021 Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 660,000 545,800 2,420,00 238,800 $3,855,000 $ 460,000 695,00 2,700,000 $3,855,800 The captions shown in the summarized statement above include the following: a. Current assets: cash, $165,000, accounts receivable (net). $215,000, inventory, $240,000, and prepaid insurance, $40,000. b. Investments investment in equity securities, short term, $105,000, and long term, $175,000, and restricted cash, long term, $265,000 c. Property, plant, and equipment buildings. $1,650,000 less accumulated depreciation, $615,000, equipment, $650,000 less accumulated depreciation, $215,000; and land, $950,000. d. Intangible assets net of amortization: patent, $125,000, and copyright, $105,000 e. Current liabilities accounts pavable. $115.000: notes pavable, short term. $165.000, and long term. $105,000, and income taxes 4 (Chapter 3) Saved Help Save & Exit e. Current liabilities: accounts payable, $115,000, notes payable, short term, $165,000, and long term, $105,000, and income taxes payable, $75,000 f Long-term liabilities: bonds payable due 2023 g. Shareholders' equity, common stock, $1,750.000, retained earnings, $950,000. Six hundred thousand shares of no par common stock are authorized, of which 350.000 shares were issued and are outstanding Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) HHD.INC Balance Sheet At December 31, 2021 Assets Current assets .

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