Problem One. Balance Sheet The following draft of a balance sheet was prepared for Riggins' Pokmon Outlet. Prepare a corrected classified balance sheet for Riggins' Pokmon Outlet on December 31, 2020. Riggins' Pokmon Outlet Balance Sheet December 31, 2020 S 336,000 1,582,000 308,000 674,800 392,000 910,000 14,000 392,000 112,000 4.720.800 S Assets Cash Building Equipment Accounts receivable Investments, short-term Inventory Prepaid rent Investments, long-term Franchise Total assets Liabilities and Stockholders' Equity Liabilities Accounts payable Note payable Dividends payable Deferred revenue Accumulated depreciation Bonds payable Total Stockholders' equity Common stock Retained earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity S 560,000 495,600 28,000 8,400 224,000 560,000 1,876,000 1,330,000 1,554,000 (39,200) 2,844,800 4 .720.800 S Additional information Note payable includes interest due of $5,600. The note plus interest is due in 6 months. Net accounts receivable of $674,800 consists of accounts receivable of $719,600 minus an allowance for doubtful accounts of $44,800. Common stock includes $490,000 attributed to additional paid-in capital. Included in the cash balance is $56,000 of cash restricted for 9 months due to a debt covenant