The following is a December 31, 2016, post-closing trial balance for Almway Corporation Account Title Cash Investments Accounts receivable Inventories Prepaid insurance Land Buildings Accumulated depreciation- Debits 83,000 148,000 79,000 219,000 Credits 9,000 128,000 439,000 119,000 buildings Equipment Accumulated depreciation- 129,000 79,000 equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings 29,000 113,000 187,000 39,000 259,000 357,000 110,000 Totals 1,263,000 1,263,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $49,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $44,000 that the company has not used 3. The cash account includes $34,000 restricted in a fund to pay bonds payable that 4. The notes payable account consists of the following: and is currently listed for sale. mature in 2019 and $42,000 set aside in a three-month Treasury bill. a. a $49,000 note due in six months. b. a $69,000 note due in six years. c. a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15, 2017. The $79,000 balance in accounts receivable is net of an allowance for uncollectible 5. accounts of $6,000 6. The common stock account represents 119,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.) Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2016 (Amounts to be deducted should be indicated by a minus sign.) ALMWAY CORPORATION Balance Sheet At December 31, 2016 Assets Current assets Cash and cash equivalents Short-term investments Accounts receivable, net of allowance Inventories Prepaid insurance Total current assets nvestments Marketable securities Land held for sale Restricted cash Liabilities and Shareholders' Equity