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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 $ 656,000 542,000 2,392,000 228,000 $3,818,000 $ 456,000 722,000 2,640,000 $3,818,000 The captions shown in the summarized statement above include the following: a. Current assets: cash. $164,000; accounts receivable (net), $214,000; inventory, $239,000; and prepaid insurance, $39.000 b. Investments: investment in equity securities, short term. $104,000, and long term, $174,000; and restricted cash, long term. $264,000 c. Property, plant, and equipment buildings. $1,640,000 less accumulated depreciation, $614,000; equipment, $640,000 less accumulated depreciation, $ 214,000; and land, $940,000. d. Intangible assets net of amortization: patent, $124,000; and copyright, $104,000. e. Current liabilities: accounts payable, $114,000; notes payable, short term, $164,000, and long term, $104,000, and income taxes payable, $74,000 t. Long-term liabilities: bonds payable due 2023. 9. Shareholders' equity: common stock, $1,700,000; retained earnings, $940,000. Four hundred thousand shares of no par common stock are authorized, of which 340,000 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.)

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