Required:

Prepare a classified balance sheet for the Almway Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

Check my w The following is a December 31, 2018, post-closing trial balance for Almway Corporation Account Title Cash InvestmentS Accounts receivable Inventories Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earningS Totals Credits Debits 85,000 150,000 80,000 220,000 points 8, 000 130,000 440,000 120,000 eBook 130,000 80,000 30,000 115,000 190,000 40,000 260,000 360,000 108,000 1,273,000 1, 273,000 Print References Additional information: 1. The investment account includes an investment in common stock of another corporation of $50,000 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 $45,000 that the company has not used and is currently listed for sale 3. The cash account includes $35,000 restricted in a fund to pay bonds payable that mature in 2021 and $43,000 set aside in a three- month Treasury bil. 4. The notes payable account consists of the following a. a $50,000 note due in six months. b. a $70,000 note due in six years. c. a $70,000 note due in five annual installments of $14,000 each, with the next installment due February 15, 2019 5. The $80,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $5,000. 6. The common stock account represents 120,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized