The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits $ 42,000 90,000 115,000 $ 27,000 78,000 154,000 385,000 117,000 109,000 42,000 29,000 49,000 82,000 37,000 335,000 7,000 370,000 34,000 $1,851,000 $1,051,000 Additional Information: 1 The $154.000 balance in the land account consists of $117.000 for the cost of land where the plant and office buildings are located The remaining $37000 represents the cost of land being held for speculation. 2. The $78.000 balance in the investment in equity securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year. 2. ine $78,00 Dalance in the investment in equity securities account represents an investment in the common stOCK OT another corporation Valley intends to sell one-half of the stock within the next year 3. The notes payable account consists of a $134,000 note due in six months and a $201.000 note due in three annual installment $67.000 each, with the first payment due in August of 2022 Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2021. Use the additional information to help determine appropriate classifications and account balances. (Amounts to be deducted should be indicated by a minus sign.) VALLEY PUMP CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Total current assets 0 Total current assets 0 Investments Total investments Property, plant, and equipment 0 0 Net property, plant, and equipment Intangible assets Total assets U Net property, plant, and equipment Intangible assets Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity: 0 Total current liabilities Long-term liabilities: Total liabilities 0 Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity S