Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. Include headings for each classification, as well as titles for each classification's subtotal. An example of a classified bal- ance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter The following is the ending balances of accounts at June 30, 2021, for Excell Company P 3-5 Balance sheet preparation L03-2, LO3-3 Account Title Debits Credits $ Cash Short-term investments Accounts receivable (net) Prepaid expenses (for the next 12 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable 83,000 65,000 280,000 32,000 75.000 320,000 $ 160,000 265,000 120,000 173,000 (continued) Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. Include headings for each classification, as well as titles for each classification's subtotal. An example of a classified bal- ance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter The following is the ending balances of accounts at June 30, 2021, for Excell Company P 3-5 Balance sheet preparation L03-2, LO3-3 Account Title Debits Credits $ Cash Short-term investments Accounts receivable (net) Prepaid expenses (for the next 12 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Accounts payable 83,000 65,000 280,000 32,000 75.000 320,000 $ 160,000 265,000 120,000 173,000 (continued)