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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, $162,000; accounts receivable (net). $212,000; Inventory, $237,000; and prepald insurance, $37,000. b. Investments: investment in equity securities, short term, $102,000, and long term, $434,000. c. Property. plant, and equipment buildings, $1,620,000 less accumulated depreciation, $612,000; equipment, $620,000 less accumulated depreciation, $212,000; and land, $920,000 d. Intangible assets net of amortization: patent, $122,000; and copyright, $102,000 e. Current llabilites: accounts payable, \$112.000; notes payable, short term, $162.000, and long term, $102,000, and income taxes payable, $72,000 1. Long-term liabilities: bonds payable due 2026 . 9. Shareholders' equity: common stock, $1,600,000 : retained earnings, $920,000. Five hundred thousand shares of no pat common stock are authorized, of which 320,000 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. Intangible assets

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