The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation B. pped 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 for uncollectible accounts Common stock Retained earnings Totals Debita Credits $ 28,000 62,000 87,000 $ 13,000 50,000 126,000 315,000 103,000 81,000 28,000 15,000 35,000 68,000 23,000 265,000 8,000 230,000 61,000 6799,000 $799,000 OOK allowanceable Mint ferences Additional Information: 1. The $126,000 balance in the land account consists of $103,000 for the cost of land where the plant and office buildings are located. The remaining $23,000 represents the cost of land being held for speculation. 2. The $50,000 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. 3. The notes payable account consists of a $106,000 note due in six months and a $159,000 note due in three annual installments of $53,000 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 Chegg Study Guided Mylab Math Pearson Saved ater 3 Exercises i U a current assets Inwestments 3 0 Total investments Property plant and equipment 0 16 Sapped 0 eBook Print 0 Net property, plant, and equipment Intangible assets References Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term abbes 0 Total liabilities Shareholders' equny. Total shareholders' equity Total liabilities and shareholders' equity S 0