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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 $ 660,000 545,000 2,420,000 230,000 $3,855,000 $ 460,000 695,000 2,700,000 $3,855,000 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 payable, $115,000; notes payable, short term, $165,000, and long terin. $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: Total current assets Investments: Total current assets Investments: ces Total investments Property, plant, and equipment: Net property, plant, and equipment: Intangible assets: Total intangible assets Total assets Preu 2 3 Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity

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