The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Additional information: Debits $ 73,000 Credits 138,000 74,000 214,000 5,000 118,000 434,000 $ 114,000 124,000 74,000 24,000 103,000 172,000 34,000 254,000 342,000 111,000 $ 1,204,000 $ 1,204,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $44,000 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 $39,000 that the company has not used and is currently listed for sale. 3. The cash account includes $29,000 restricted in a fund to pay bonds payable that mature in 2027 and $37,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following a. a $44,000 note due in six months. b. a $64,000 note due in six years. c. a $64,000 note due in five annual installments of $12,800 each, with the next installment due February 15, 2025. 5. The $74,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 114,000 shares of no par value common stock issued and outstanding. The corporation 5. The $74,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000. 6. The common stock account represents 114,000 shares of no par value common stock issued and outstanding. The corporation has 700,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. ALMWAY CORPORATION Balance Sheet At December 31, 2024 Current assets: Net accounts receivable Total current assets Investments: Assets Net accounts receivable Total current assets Investments! Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Other assets Net property, plant, and equipment Intangible assets. Other assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity