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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 $ 644,200 533,000 2,308,000 222,000 $3,707,000 $ 444,000 803,000 2,460,000 $3,707,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $161,000; accounts receivable (net), $211,000; inventory, $236,000; and prepaid insurance, $36,000. b. Investments: investment in equity securities, short term, $101,000, and long term, $171,000; and restricted cash, long term, $261,000. c. Property, plant, and equipment: buildings, $1,610,000 less accumulated depreciation, $611,000; equipment, $610,000 less accumulated depreciation, $211,000; and land, $910,000. d. Intangible assets net of amortization: patent, $121,000; and copyright, $101,000. e. Current liabilities: accounts payable, $111,000; notes payable, short term, $161,000, and long term, $101,000; and income taxes payable, $71,000. f. Long-term liabilities: bonds payable due 2023. g. Shareholders' equity: common stock, $1,550,000; retained earnings, $910,000. Four hundred thousand shares of no par common stock are authorized, of which 310,000 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.) Balance Sheet At December 31, 2021 Assets Current assets: Cash $ Accounts receivable (net) Inventory Prepaid insurance 161,000 211,000 236,000 36,000 Total current assets 644,000 Investments Investment in equity securities $ 0 Total investments Property, plant, and equipment: Buildings 0 Net property, plant, and equipment: Intangible assets: 0 0 $ Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: 644,000 0 Total current liabilities Long-term liabilities: 0 Total long-term liabilities Total liabilities Shareholders' equity 0 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0

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