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The ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation are as follows: The ending balances of accounts at December 31,

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The ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation are as follows: The ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation are as follows Additional Information: 1. The common stock represents 11 million shares of no par stock authorized, 620,000 shares issued and outstanding. 2. The recelvables from employees are due on June 30,2022. 3. The notes recelvable are due in instaliments of $62,000, payable on each September 30 . Interest is payable annually. 4. Short-term investments consist of securties that the company plans to sell in 2022 and $62,000 in treasury bilis purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securites that the company does not plan to sell in the next year. 5. Deferred revenue represents payments from customer for extended service contracts. Eighty percent of these contracts expire in 2022 , the remainder in 2023 . 6. Notes payable consists of two notes, one for $112,000 due on January 15,2023 , and another for $212,000 due on June 30,2024 Required: Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

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