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 i Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Additional information: Debits $ 59,000 124,000 Credits 67,000 207,000 6,000 104,000 427,000 $ 107,000 117,000 67,000 17,000 89,000 151,000 27,000 247,000 321,000 119,000 $ $1,128,000 1,128,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $37,000 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 $32,000 that the company has not used and is currently listed for sale. 3. The cash account includes $22.000 restricted in a fund to pay bonds payable that mature in 2027 and $30,000 restricted in a three-month Treasury bill 4. The notes payable account consists of the following: a. a $37,000 note due in six months b. a $57,000 note due in six years. c. a $57,000 note due in five annual installments of $11,400 each, with the next installment due February 15, 2025. 5. The $67,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7,000. 6. The common stock account represents 107,000 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. Current assets: Net accounts receivable Total current assets: Investments: Total investments Property, plant, and equipment ALMWAY CORPORATION Balance Sheet At December 31, 2024 Assets Net property, plant, and equipment Intangible assets Other assets Total assets Liabilities and Shareholders' Equity Current liabilities; Liabilities and Shareholders' Equity Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity 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 i Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Additional information: Debits $ 59,000 124,000 Credits 67,000 207,000 6,000 104,000 427,000 $ 107,000 117,000 67,000 17,000 89,000 151,000 27,000 247,000 321,000 119,000 $ $1,128,000 1,128,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $37,000 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 $32,000 that the company has not used and is currently listed for sale. 3. The cash account includes $22.000 restricted in a fund to pay bonds payable that mature in 2027 and $30,000 restricted in a three-month Treasury bill 4. The notes payable account consists of the following: a. a $37,000 note due in six months b. a $57,000 note due in six years. c. a $57,000 note due in five annual installments of $11,400 each, with the next installment due February 15, 2025. 5. The $67,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7,000. 6. The common stock account represents 107,000 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. Current assets: Net accounts receivable Total current assets: Investments: Total investments Property, plant, and equipment ALMWAY CORPORATION Balance Sheet At December 31, 2024 Assets Net property, plant, and equipment Intangible assets Other assets Total assets Liabilities and Shareholders' Equity Current liabilities; Liabilities and Shareholders' Equity Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity