Required: Prepare a complete. corrected, classified balance sheet. Include herdings for each classification, as well as titles for each classification's subtotal. An example of a classified balance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter. P3-9 Balance sheet preparation L03-2, 103-3 Presented below is the balance sheet for HHD, Inc. at December 31, 2021 Current assets $ 600,000 Investments 500,000 2.000.000 Property, plant, and equipment Intangible assets Total assets 200.000 $3.300.000 Current liabilities $400,000 Long term liabilities 1.100.000 Shareholders' equity 1.800.000 Total liabilities and shareholders' equity 53,300.000 The captions shown in the summarized statement above include the following: Page 156 a. Current assets: cash. $150,000; accounts receivable (net), 5200,000 inventory. $225.000, and prepaid insurance, $25.000 b. Investments investment in equity securities, short term, 590,000, and long term. $160.000, and restricted cash, long term. $250.000 c. Property, plant, and equipment buildings. $1.500.000 less secumulated depreciation. $600.000, equipment. 500.000 less accumulated depreciation, $200,000, and land, $500,000 d. Intangible assets niet of amortization patent, $110.000; and copyright. 590,000 c. Current liabilities accounts payable, $100.000 notes payable short term, S150,000, and long term. 890.000 and income taxes payable $60,000 1. Long term liabilities bonds payable due 2023 Shareholders' equity: common stock, 51.000.000 retained earnings $500,000. Five hundred thousand thus of mo par common stock are authorised, of which 200,000 shares were issued and are outstanding Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2021. Doelade headings for each clification, as well as titles for each classification's webtotal. An example of a clarified balance sheet can be found in the Concept Review Exercise at the end of Part of this chapter