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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

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 $ 632,000 524,000 2,224,000 216,000 $3,596,000 $ 432,000 884,000 2,280,000 $3,596,000 ces Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity The captions shown in the summarized statement above include the following: a. Current assets: cash, $158,000; accounts receivable (net), $208,000; inventory, $233,000; and prepaid insurance, $33,000. b. Investments: Investment in equity securities, 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. Intangible assets net of amortization: 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 income taxes payable, $68,000. 1. 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. 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.) s Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2021. (Amounts to be minus sign.) Current assets: Total current assets Investments: Total investments Property, plant, and equipment: HHD, INC. Balance Sheet At December 31, 2021 Assets Net property, plant, and equipment: Intangible assets: Total intangible assets Total assets Current liabilities Liabilities and Shareholders' Equity Total intangible assets Total assets Current liabilities: Liabilities and Shareholders' Equity 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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