The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Debits Credits Account Tit le $ 83,000 148,000 Cash Investment in equity securities Accounts receivable Inventory 79,000 219,000 9,000 128,000 439,000 $ Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Baud Equipment 119,000 129,000 Accumulated depreciation-equipment Patent (net) 79,000 29,000 Accounts payable Notes payable Interest payable Bonds Payable 113,000 187,000 39,000 259,000 357,000 Common stock Retained earnings 110,000 $1,263,000 1,263,000 Totals Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $49,000 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 $44,000 that the company has not used and is currently listed for sale. 3. The cash account includes $34,000 restricted in a fund to pay bonds payable that mature in 2024 and $42,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $49,000 note due in six months. b. a $69,000 note due in six years. c. a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15, 2022. Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $49,000 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 $44,000 that the company has not used and is currently listed for sale. 3. The cash account includes $34,000 restricted in a fund to pay bonds payable that mature in 2024 and $42,000 restricted in a three-month Treasury bill 4. The notes payable account consists of the following: a. a $49,000 note due in six months. b. a $69,000 note due in six years. c. a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15, 2022. 5. The $79,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000. 6. The common stock account represents 119,000 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.) ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Net accounts receivable Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Net property, plant, and equipment Intangible assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity