The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Debits $ 69,000 134,000 Credits Accounts receivable Inventory Prepaid insurance (for the next 9 months) 72,000 212,000 8,000 Land 114,000 Buildings 432,000 Equipment Accumulated depreciation-buildings Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock $ 112,000 122,000 72,000 22,000 99,000 166,000 32,000 252,000 336,000 Retained earnings Totals 116,000 $1,185,000 $1,185,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $42,000 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 $37,000 that the company has not used and is currently listed for sale. 3. The cash account includes $27,000 restricted in a fund to pay bonds payable that mature in 2024 and $35,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $42,000 note due in six months. b. a $62,000 note due in six years. c. a $62,000 note due in five annual installments of $12,400 each, with the next installment due February 15, 2022. 5. The $72,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 112,000 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, 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 be deducted should be indicated by a minus sign.) Current assets: Cash and cash equivalents Investment in equity securities Accounts receivable Inventory Net accounts receivable Prepaid insurance Total current assets ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets $ 42,000 92,000 72,000 212,000 284,000 Investments: Investment in equity securities 42,000 Land held for sale 37,000 Bonds payable 27,000 Total investments Property, plant, and equipment: Land Buildings Equipment 77,000 432,000 122,000 631,000 Less: Accumulated depreciation - buildings (184,000) > Net property, plant, and equipment Intangible assets: Patent (net) 8,000 426,000 106,000 447,000 22,000 Total assets $ 1,001,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Interest payable Notes payable (current maturities of long-term debt) Notes payable (current) Total current liabilities Long-term liabilities: Notes payable (long-term) $ 111,600 Bonds payable 252,000 Total long-term liabilities Total liabilities Shareholders' equity: Common stock Retained earnings 336,000 116,000 $ 99,000 32,000 12,400 42,000 185,400 363,600 549,000 Total shareholders' equity Total liabilities and shareholders' equity 452,000 $ 1,001,000 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.