The following draft of a balance sheet was prepared for Roslyn Corp., but includes a number of errors in classification, presentation, and computation. Rojlyn Corp. Balance Sheet December 31 Assets Liabilities and Stockholders' Equity Cash $264,000 Liabilities Building Equipment Accounts receivable 1,243,000 Accounts payable 242,000 Note payable: $440,000 389,400 530,200 Dividends payable 22,000 Investments, short-term 308,000 Deferred revenue 6,600 Inventory Prepaid rent 715,000 Accumulated depreciation 176,000 11,000 Bonds payable) 440,000 Investments, long-term 308.000 Total liabilities 1,474,000 Franchise 88.000 Stockholders' equity Total assets $3,709,200 Common stock 1,045,000 Retained earnings 1,221,000 Accumulated other comprehensive income (30,800) Total stockholders' equity 2,235,200 Total liabilities and stockholders' equity $3,709,200 Additional information *Note payable includes interest due of $4,400. The note is due in 2 years and interest is due in 6 months *Net accounts receivable of $530,200 consists of accounts receivable of $565,400 minus an allowance for doubtful accounts of $35,200. Common stock includes $385,000 attributed to additional paid-in capital. *Included in the cash balance is $44,000 of cash restricted for 9 months due to a debt covenant. Prepare a corrected classified balance sheet for Roslyn Corp. on December 31. Note: Do not use negative signs with any of your answers. Balance Sheet