The December 31, 2021, post-closing trial balance for Liberty Corporation is presented below:

Debits Credits

Cash 22,500

Investments (long-term) 55,000

Accounts receivable 30,000

Allowance for uncollectible accounts 7,500

Prepaid insurance 4,500

Inventory 100,000

Land 45,000

Buildings 140,000

Accumulated depreciationbuildings 50,000

Equipment 132,500

Accumulated depreciationequipment 30,000

Patents (net) 5,000

Accounts payable 37,500

Notes payable, due 2022 65,000

Interest payable 10,000

Bonds payable, due 2031 120,000

Common stock (no par), 20,000 shares

authorized, issued, and outstanding 150,000

Retained earnings ________ 64,500

Totals 534,500 534,500

Required: Prepare a classified balance sheet for Liberty Corporation at December 31, 2021.

Make sure you have proper headings, columns, subtotals and totals.