The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Debits 57,000 Credits Investment in equity securities 122,000 Accounts receivable 66,000 Inventory 206,000 Prepaid insurance (for the next 9 months) 5,000 Land 102,000 Buildings 426,000 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock $ 106,000 116,000 66,000 16,000 87,000 148,000 26,000 246,000 Retained earnings Totals Additional information: 318,000 119,000 $1,116,000 $1,116,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $36,000 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 $31,000 that the company has not used and is currently listed for sale. 3. The cash account includes $21,000 restricted in a fund to pay bonds payable that mature in 2024, and $29,000 restricted in a three- month Treasury bill. 4. The notes payable account consists of the following: a. a $36,000 note due in-six months. b. a $56,000 note due in six years. c. a $56,000 note due in five annual installments of $11,200 each, with the next installment due February 15, 2022. 5. The $66,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 106,000 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, 2021. (Amounts to be deducted should be indicated by a minus sign.) Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2021. (Amounts to b by a minus sign.) Current assets: ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Net accounts receivable Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Net property, plant, and equipment Intangible assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Liabilities and Shareholders' Equity Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity