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The following is a December 31, 2018, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash $ 65,000 Investments 130,000 Accounts receivable 70,000

The following is a December 31, 2018, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash $ 65,000 Investments 130,000 Accounts receivable 70,000 Inventories 210,000 Prepaid insurance (for the next 9 months) 8,000 Land 110,000 Buildings 430,000 Accumulated depreciationbuildings $ 110,000 Equipment 120,000 Accumulated depreciationequipment 70,000 Patents (net of amortization) 20,000 Accounts payable 95,000 Notes payable 160,000 Interest payable 30,000 Bonds Payable 250,000 Common stock 330,000 Retained earnings 118,000 Totals $ 1,163,000 $ 1,163,000 Additional information: The investment account includes an investment in common stock of another corporation of $40,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. The land account includes land which cost $35,000 that the company has not used and is currently listed for sale. The cash account includes $25,000 restricted in a fund to pay bonds payable that mature in 2021 and $33,000 set aside in a three-month Treasury bill. The notes payable account consists of the following: a $40,000 note due in six months. a $60,000 note due in six years. a $60,000 note due in five annual installments of $12,000 each, with the next installment due February 15, 2019. The $70,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7,000. The common stock account represents 110,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2018. (

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