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The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Short-term investment s Accounts

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The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Short-term investment s Accounts receivable Long-term investments Inventories Loans to employees Prepaid expenses (for 2019) 83, 000 198, 000 139, 000 43, 000 223, 000 48, 000 24, 000 288, 000 1, 630, 000 Bui lding Machinery and equipment Patent Franchise Note receivable Interest receivable Accumulated depreciation-building Accunul ated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/19) Interest payable laxes payable Deferred revemue Notes payable Allowance for uncollectible accounts Common stock Retained eamings Totals 645, 000 160, 000 48, 000 290, 000 20, 000 628, 000 218, 000 197, 000 18, 000 24, 000 48, 000 68, 000 316, 000 16, 000 2, 032, 000 274, 000 3, 839, 000 3, 839, 000 Additional information: 1. The common stock represents 1.2 million shares of no par stock authorized, 580,000 shares issued and outstanding 2. The loans to employees are due on June 30, 2019 3. The note receivable is due in installments of $58,000, payable on each September 30. Interest is payable annually 4. Short-term investments consist of marketable equity securities that the company plans to sell in 2019 and $58,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2019. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year 5. Deferred revenue represents customer payments for extended service contracts. Seventy percent of these contracts expire in 2019 the remainder in 2020 6. Notes payable consists of two notes, one for $108,000 due on January 15, 2020, and another for $208,000 due on June 30, 2021 Required: Prepare a classified balance sheet for Vosburgh at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

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