The following is a December 31, 2018. post-closing trial balance for Almway Corporation. Account Title Cash Credits Debits 63, eee 128, eee 69,eee Investments Accounts receivable Inventories 289,eee Prepaid insurance (for the next 9 montths) Land 7,eee 188,eee 429, eee Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock $ 109, eee 119, eee 69, eee 19,eee 94, eee 157,eee 29, eee 249,eee 327,eee 117,eee $1,151, eee Retained earnings $1,151,eee Totals Addltlonal Information: 1. The investment account includes an investment in common stock of another corporation of $39.000 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 $34,0o0 that the company has not used and is currently listed for sale. 3. The cash account includes $24.,000 restricted in a fund to pay bonds payable that mature in 2021 and $32000 set aside in a three- month Treasury bill. 4. The notes payable account consists of the following: a. a $39.000 note due in six months. b. a $59,000 note due in six years. c. a $59,000 note due in five annual installments of $11,800 each, with the next installment due February 15, 2019 5. The $69,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,00o. 6. The common stock account represents 109.000 shares of no par value common stock issued and outstanding. The corporation has 300,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2018. (Amounts to be deducted should be Indicated by a minus sign.) Answer is not complete. ALMWAY CORPORATION Balance Sheet At December 31, 2018 Assets Current assets Cash and cash equivalents S 39,000 Short-term investments 89,000 69,000 Accounts receivable, net of allowance 209,000 Inventories Prepaid insurance 7,000 Prepaid rent Total current assets 413,000 Investments S Marketable securities 39,000 Land held for sale 34,000 Restricted cash 24.000 Franchise Total investments 97,000 Property. plant, and equipment Land 74,000 429,000 Buildings Equipment 119,000 622,000 Less: Accumulated depreciation-buildings (109.000) Less: Accumulated depreciation-equipment (60.000) Net property, plant, and equipment 444,000 Intangible assets 19,000 Patents 0 Franchise 973,000 Total assets Liabilities and Shareholders' Equity Current liabilities s 94,000 Accounts payable Interest payable 29.000 Notes payable 39,000 Current maturities of long-term debt 11.800 Work in process 0 Total current liabilities 173,800 Long-term liabilities Notes payable 106,200 Bonds payable 249,000 Total long-term liabilities 355,200 529,000 Shareholders' equity Common stock 327,000 Retained earnings 117.000 Restricted cash 0 Total shareholders' equity 444,000 s 973,000 Total liabilities and shareholders' equity