Saved The following is a December 31, 2021, post-closing trial balance for Almway Corporation Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits Credits $ 67,eee 132,080 71,000 211,000 9,000 112,800 431,000 $ 111,800 121,000 71,000 1,300 97,000 163,000 31,000 251,000 333,000 118.000 $1,175,000 $1,175,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of 941000 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 $36,000 that the company has not used and is currently listed for sale 3. The cash account includes $26,000 restricted in a fund to pay bonds payable that mature in 2024 and $34.000 restricted in a three month Treasury bill 4. The notes payable account consists of the following 71F Mos ** search ot 4. The notes payable account consists of the following a. a $41,000 note due in six months b. a $61,000 note due in six years. c. a $61,000 note due in five annual installments of $12,200 each with the next Installment due February 15, 2022 5. The $71,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8.000, 6. The common stock account represents 111.000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized. Required: Prepare a classified balance sheet for the Almwoy Corporation at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents Inventory Prepaid insurance Investment in equily securities Net accounts receivable Prepaid insurance 0 71F Mostly su * o BA earch