The following incomplete balance sheet for the Sanderson Manufacturing Company was prepared by the company's controller. As accounting manager for Sanderson, you are attempting to reconstruct and revise the balance sheet SANDERSON MANUFACTURING COMPANY Balance Sheet At December 31, 2021 (5 in 000s) Assets Current assets: Cash Long-term assets: Investments Accounts receivable Allowance for uncollectible accounts t Finished goods inventary Prepaid expenses Total current assets Raw materials and work in process Inventory $1,050 7,100 (2,200) 7,000 3,000 10,750 4,000 4,050 Equipment 27,000 Accumulated depreciation (6,000) Patent (net) Total assets $ > Liabilities and Shareholders' Equity Current 11abilities: Accounts payable 5 7,000 Notes payable 7,600 Interest payable (on notes) 3,900 Deferred revenue 6,600 Long-term liabilities: Total current liabilities Bonds payable Interest payable (on bonds) Shareholders' equity: Common stock Betained earnings Total liabilities and shareholders' equity Additional information ($ in 000s): 23,100 7,300 800 Additional information ($ in 000s): 1. Certain records that included the account balances for the patent and shareholders' equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 12. That is, total liabilities are 120% of total shareholders' equity. Retained earnings at the beginning of the year was $7600. Net income for 2021 was $2,450 and $750 in cash dividends were declared and paid to shareholders 2. Management intends to sell the investments in the next six months 3. Interest on both the notes and the bonds is payable annually. 4. The notes payable are due in annual installments of $1,900 each. 5. Deferred revenue will be recognized as revenue equally over the next two fiscal years 6. The common stock represents 400,000 shares of no par stock authorized, 430,000 shares issued and outstanding Required: Prepare a complete, corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign) Current assets Cash SANDERSON MANUFACTURING COMPANY Short-term investments Balance Sheet At December 31, 2021 15 in 000x, except share data) Assets Required: Prepare a complete, corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets: Cash SANDERSON MANUFACTURING COMPANY Short-term investments Accounts receivable Balance Sheet At December 31, 2021 ($ in 000s, except share data) Allowance for uncollectible accounts Net accounts receivable Inventory Raw materials and work in process Finished goods Assets Prepaid expenses Total current assets Property, plant, and equipment Equipment Accumulated depreciation Net property, plant, and equipment Intangible assets. Patent (net) Total assets Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity 0 Total liabilities and shareholders' equity S 0 0 0 0