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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 $ 612.000 509,000 2,084,000 206,000 $3,411,000 $ 412,000 1.019.000 1.980,000 $3,411,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $153,000; accounts receivable (net). $203,000; inventory, $228,000; and prepaid insurance, $28,000. b. Investments: investment in equity securities, short term, $93,000, and long term, $163,000, and restricted cash, long term, $253,000 c. Property, plant, and equipment buildings, $1,530,000 less accumulated depreciation, $603,000; equipment, $530,000 less accumulated depreciation, $203,000; and land, $830,000. d. Intangible assets net of amortization: patent, $113,000, and copyright, $93,000. e. Current liabilities: accounts payable, $103,000; notes payable, short term, $153,000, and long term, $93,000; and income taxes payable, $63,000. f. Long-term liabilities: bonds payable due 2023. g. Shareholders' equity: common stock, $1,150,000; retained earnings, $830,000. Six hundred thousand shares of no par common stock are authorized, of which 230,000 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

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