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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. 9. Shareholders' equity.common stock, $1150,000; 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 indicated by a minus sign.) HHD, INC. Balance Sheet At December 31, 2021 Assets Current assets 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: 0 Total current assets Investments: $ 0 Total investments Property, plant, and equipment: 0 Net property, plant, and equipment: Intangible assets: OC Total intangible assets Total assets Liabilities and Shareholders' Equity $ Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total long-term liabilities Total liabilities 0 Shareholders' equity: 0 Total shareholders' equity Total liabilities and shareholders' equity 0

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