The following batance sheet for the Hubbard Corporation was prepored by the company: Adctitional informotion: 1. The buildings, Land, and machinery are ali stated at cost except for a parcel of land that the company as hoiding foc future sule. The land originally cost 552,000 but, due to a significant increase in market value, in listed at 5124,000 . The increase in the land account was ciedited to retained earnings 2. The itmestment in equity securites account consists of stocks of other corporabions and are recorded at cest, $22.000 of which wi. be sold in the corntng year the remainder wil be heid indefinitely 3. Notes payable are all long term. However, a $120,000 note requires an installment poyment of $30,000 due in the coning yeat A Inveritory is tecordent at curtent resale value. The originat cost of the inventory is $162000 Required: Pirepare a colzected classified bslance sheet for the Hubbard Corporation at December 31, 2021. (Amounts to be deducted should be indicoted by o minus sign