The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Debits $67,000 132,000 Credits Accounts receivable 71,000 Inventory Prepaid insurance (for the next 9 months) Land 211,000 9,000 112,000 Buildings 431,000 Accumulated depreciation-buildings 5 111,000 Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock 121,000 71,000 21,000 97,000 163,000 31,000 251,000 Retained earnings Totals Additional information: 333,000 118,000 $ 1,175,000 $ 1,175,000 1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 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 $36,000 that the company has not used and is currently listed for sale. 3. The cash account includes $26,000 restricted in a fund to pay bonds payable that mature in 2027 and $34,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following a. a $41,000 note due in six months. b. a $61.000 note due in six years. c. a $61.000 note due in five annual installments of $12.200 each, with the next installment due February 15, 2025. 5. The $71,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000. 6. The common stock account represents 111,000 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, 2024, ent Note: Amounts to be deducted should be indicated by a minus sign. ences Current assets Cash Investment in equity securities Accounts receivable Net accounts receivable Inventory Prepaid insurance Total current assets Investments Total investments Property, plant, and equipment ALMWAY CORPORATION Balance Sheet At December 31, 2024 Assets 79,000 $ 7,000 91,000 79,000 211,000 9,000 397,000 0 Investments Total investments Property, plant, and equipment Net property, plant, and equipment Intangible assets: Other assets 0 Total assets $ 397,000 Liabilities and Shareholders' Equity Current liabilities: 0 Total assets $ 397,000 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 0 0 0 0 0