Question Completion Status: Adjusted Trial Balance December 31, 2021 Debit Credit Accounts receivable 700 480 375 125 90 300 530 330 50 20 50 90 Building Equipment Cash Inventory Land Notes receivable Investments Prepaid rent (for the next 2 years) Supplies Trademark Prepaid Insurance (for the next 3 years) Accounts payable Accumulated depreciation Equipment Accumulated depreciation-Buildings Total stockholders' equity Dividends payable Income tax payable Allowance for Doubtful Accounts Notes payable Interest payable Deferred revenue 620 225 180 1110 50 80 55 600 60 160 TOTALS 3.140 3.140 Question Completion Status Additional information: 1. Land includes land held a possible future plant site $125K and land for the current plant site $175K 2. The notes receivable are due in 2023. The balance of $530 includes $30 of accrued interest. The next interest payment is due in July 2022 3. Included in the investments are treasury bills of $70K that were purchased in November 2021 and mature in January, 2022, trading securities of $100 which are expected to be sold within the next year. The balance represents securities expected to be held longer than one year. 4. As of 12/31/21, Stockholders' equity has common stock, 00 par value, authorized 300K shares, and issued 150K shares at an average price of $4.50. The remaining balance in stockholders' equity is retained earnings. 5. The note payable represents a 12% note, with interest paid annually February 28. The note matures in installments of $100 beginning 2/28/22 6. Deferred revenue will be recognized equally over the next 24 months Required: 1.) Prepare a classified balance sheet for XYZ Corporation at December 31, 2021. Complete the questions on the following page about the balance sheet. 2.) Calculate the following ratios: Select and copy the below sections a-k and the ratio table to answer in the space provided As of 12/31/21: a. Net accounts receivable b. Total current assets c. Total investments (long-term) d. Net Buildings e. Total PP&E.net