The following is a December 31, 2021. post-closing trial balance for Amway Corporation Credits 5 Debits 47,000 112.000 61.000 201,000 8.00 92.000 421,000 $ 101,00 Account Title Cach Invest in equity securities Accounts receivable Inventory Prepaid insurance (for the next months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Patent (net) Accounts payable Notes payable Interest payable Sands Payable Common stock Retained varnings Totals 111.000 61,000 77.00 133,00 21.000 241,000 303,000 127,000 $1,664,000 51,054,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $31000 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 $26.000 that the company has not used and is currently listed for sale. 3. The cash account includes $16,000 restricted in a fund to pay bonds payable that mature in 2024 and $24,000 restricted in a three month Treasury bill 4. The notes payable account consists of the following a. a $31.000 note due in six months b. a S51,000 note due in six years ca $51,000 note due in five annual installments of S10.200 each with the next installment due February 15, 2022 5. The $61,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 101000 shares of no par value common stock issued and outstanding. The corporation has 400,000 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.) ALMWAY CORPORATION Balance Sheet A December 31, 2021 Assets Current assets Cash and cash equivalent 70.000 Accounts receivabile Allowance for collectible account Net accounts receivable Inventory 70,000 Total current assets Investments 70.000