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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

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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 $ 632,000 524,000 2,224,000 216,000 $3,596,000 $ 432,000 884,000 2,280,000 $3,596,000 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. 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 Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2021. (Amounts to be deducted should be indicated by a

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