The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation Credits Debits 73,000 188,000 129, 000 38, 000 Account Title Cash Short-ter investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022 Land Building Equipment 218,000 43,000 19,000 283,000 1,580,000 640,000 155,000 43,000 265,000 15,000 ok Patent (net) Franchise (net) Notes receivable Interest receivable Accunulated depreciation-building Accunulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings nt 623,000 213, 000 192,000 ences 13, 000 19,000 43,000 63,000 306, 000 11,000 2,012,000 194,000 3, 689, 000 3,689,000 Totals Additional information: 1. The common stock represents 1.3 million shares of no par stock authorized, 530,000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $53,000, payable on each September 30. Interest is payable annually. 4. Short-term investments consist of securities that the company plans to sell in 2022 and $53,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year 5. Deferred revenue represents payments from customer for extended service contracts. Seventy percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $103,000 due on January 15, 2023, and another for $203,000 due on June 30, 2024 Required: Prepare a classifled balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents Accounts receivabler Net accounts receivable Saved Chapter 3 Problems 3 0 Total current assets 4 Investments: points elock Total investments Property, plant, and equipment Print References Net property, plant, and equipment Intangible assets Total assets Liabilities and Shareholders Equity Current liabilities Total current iabilities Long-term liabilities 0 Total liabilities Shareholders' equity Total shareholders' equity Total labilities and shareholders' equity