Storch Ine's fiscal year ends on December 31st, 20X1. In good form, prepare a corrected classified balance sheet for Scotch Inc. (You can omit the statement' heading) Liabilities: 90 Short-term Delt 209 Receivable 11 Accumulated Depreciation 500 140 Allowance for Bad Debu 12 135 Accounts Payable 119 Resident 60 Long term Debt 290 Property Plantand Equipment 1.800 Accumulated Other Comprehensive Income 33 Intangible Assets 50 Total Liabilities 1,145 Investments 320 Total Assets 2,705 Stockholders' Equity Retained Earni 360 Paid in Capital 1.200 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 2,705 Related Information 1. Short-term investments includes: -S130 of Trading Debt Securities -$10 of accrued interest due to Skotch from the Trading Debt Securities 2. PP&E includes $50 of equipment that was retired during 20X1. The retired equipment is 90% depreciated and Sketch expects to sell arie 2003 3. Intangible Assets includes: -20 for Copyrights -$30 for Goodwill. The value of Goodwill is based on an estimate made by the CFO. 4. Investments includes: -5170 Bond Sinking Fund that was set up $ years ago to pay off the Bands Payable when they mature (see below) -$150 of Pension Assets The $200 balance of Shortterm Debt includes an 580 Note Payable due on March 134 of 20x2 and a 5120 Note Payable toe on Pune 30 of 30X4 3. Intangible Assets includes: $20 for Copyrights -530 for Goodwill. The value of Goodwill is based on an estimate made by the CFO. 4. Investments includes: -5170 Bond Sinking Fund that was set up 8 years ago to pay off the Bonds Payable when they mature (see #6 below). -$150 of Pension Assets 5. The $200 balance of Short-term Debt includes an $80 Note Payable due on March 15th of 20X2 and a $120 Note Payable due on June 20th of 20X4 6. Long-term Debt consists of a $170 Bond Payable due on August 19 of 20x2 (see #4 above) and a $120 Pension Liability 7. Skotch currently has 500 shares of $2 par common stock authorized. 200 shares were issued for S6 share TT T Arial 3 (12pt) T 125