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The following boionce sheet for the Los Gatos Corporanon was prepared by a fecenty the folilawing boionce sthe statement you notice several errors. Adalional information:

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The following boionce sheet for the Los Gatos Corporanon was prepared by a fecenty the folilawing boionce sthe statement you notice several errors. Adalional information: 1. Cash includes a $20,000 restricted amount to be used for repayment of the bonds payable in 2025 3. Accounts recelvable includes a $20,000 notes recelvable from a customer due in 2024 . 2. The cost of the machinery is $190,000. 4. The notes payable balance includes accrued interest of $5,000. Principal and interest are both due on February 5. The company began operations in 2016. Net income less dividends since inception of the company totals 1, 2022 6. 50,000 shares of no par common stock were issued in 2016.100 .000 shares are authorized. $35,000 Prepare a corrected, classified balance sheet. Use the additional information to help determine appropriate classifications and account balances. The cost of machinery and its accumulated depreciation are shown Required: - ansratelv. (Amounts to be deducted should be indicated by a minus sign.)

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