Presented below is the balance sheet for HHD, Inc., at December 31, 2016.

Current assets	$ 600,000
Investments	500,000
Property, plant, and equipment	2,000,000
Intangible assets	200,000
Total assets	$3,300,000

Current liabilities	$ 400,000
Long-term liabilities	1,100,000
Shareholders' equity	1,800,000
Total liabilities and shareholders' equity	$3,300,000

The captions shown in the summarized statement above include the following:

1. Current assets: cash, $150,000; accounts receivable, $200,000; inventories, $225,000; and prepaid insurance, $25,000.
2. Investments: investments in common stock, short term, $90,000, and long term, $160,000; and restricted cash, long term, $250,000. Page 160
3. Property, plant, and equipment: buildings, $1,500,000 less accumulated depreciation, $600,000; equipment, $500,000 less accumulated depreciation, $200,000; and land, $800,000.
4. Intangible assets: patent, $110,000; and copyright, $90,000.
5. Current liabilities: accounts payable, $100,000; notes payable, short term, $150,000, and long term, $90,000; and taxes payable, $60,000.
6. Long-term liabilities: bonds payable due 2021.
7. Shareholders' equity: common stock, $1,000,000; retained earnings, $800,000. Five hundred thousand shares of no par common stock are authorized, of which 200,000 shares were issued and are outstanding.

Required:

Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2016.