Problem 3-3 (Algo) Balance sheet preparation [LO3-2, 3-3] The following is a December 31, 2024, post-closing trial balance for Aimway Corporation. Account Title oped Cash Investment in equity securities Debits Credits $ 79,000 144,000 Accounts receivable Inventory 77,000 217,000 Prepaid insurance (for the next 9 months) 5,000 Land Book 124,000 Buildings 437,000 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Print Patent (net) $ 117,000 127,000 77,000 27,000 Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings 109,000 181,000 37,000 257,000 351,000 108,000 Totals Additional Information: $1,237,000 $ 1,237,000 1. The Investment in equity securities account Includes an Investment in common stock of another corporation of $47,000 which management Intends to hold for at least three years. The balance of these Investments Is Intended to be sold in the coming year. 2. The land account Includes land which cost $42,000 that the company has not used and is currently listed for sale. 3. The cash account Includes $32,000 restricted in a fund to pay bonds payable that mature in 2027 and $40,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $47,000 note due In six months. b. a $67,000 note due in six years. c. a $67,000 note due in five annual Installments of $13,400 each, with the next Installment due February 15, 2025. 5. The $77,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $4,000. 6. The common stock account represents 117,000 shares of no par value common stock Issued and outstanding. The corporation has 500,000 shares authorized. Required: Prepare a classified balance