The bookkeeper for waterway company has prepared the following balance sheet as of July 31, 2017. The following additional information is provided. 1. Cash includes $1, 200 in a petty cash fund and $13, 100 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivables $48, 890 and (b) allowance for doubtful accounts $3, 500. 3. Inventory costing $5, 153 was shipped out on consignment on July 31, 2017. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5, 153 were recognized on these consigned goods. 4. Equipment had a cost of $116, 890 and an accumulated depreciation balance of $32, 890. 5. Income taxes payable of $6,000 were accrued on July 31. Waterway company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income taxes payable amount. Prepare a corrected classified balance sheet as of July 31, 2017, from the available information, adjusting the account balances using the additional information