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Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. The captions shown in the summarized statement above include the following: a.

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Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. The captions shown in the summarized statement above include the following: a. Current assets: cash, $151,000; accounts receivable (net), $201,000; inventory, $226,000; and prepaid insurance, $26,000. b. Investments: investment in equity securities, short term, $91,000, and long term, $412,000. c. Property, plant, and equipment: buildings, $1,510,000 less accumulated depreciation, $601,000; equipment, $510,000 less accumulated depreciation, \$201,000; and land, \$810,000. d. Intangible assets net of amortization: patent, $111,000; and copyright, $91,000. e. Current liabilities: accounts payable, $101,000; notes payable, short term, $151,000, and long term, $91,000; and income taxes payable, $61,000. f. Long-term liabilities: bonds payable due 2026. 9. Shareholders' equity: common stock, $1,050,000; retained earnings, $810,000. Six hupdred thousand shares of no par common stock are authorized, of which 210,000 shares were issued and are outstanding. Required: Prepare a corrected classified balance sheet for HHD, Incorporated, at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign

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