The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company.

Account TitleDebitsCreditsCash$67,000Accounts receivable162,000Inventory286,000Prepaid expenses150,000Equipment322,000Accumulated depreciation$111,000Investments142,000Accounts payable61,000Interest payable21,000Deferred revenue81,000Income taxes payable31,000Notes payable205,000Allowance for uncollectible accounts17,000Common stock401,000Retained earnings201,000Totals$1,129,000$1,129,000

Additional information:

1. Prepaid expenses include $122,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
2. Investments include $31,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $111,000is an investment in equity securities that the company intends to sell in the next year.
3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
4. The notes payable account consists of the following:
5. a $41,000 note due in six months.
6. a $101,000 note due in six years.
7. a $63,000 note due in three annual installments of $21,000 each, with the next installment due August 31, 2022.
8. The common stock account represents 401,000 shares of no par value common stock issued and outstanding. The corporation has 802,000 shares authorized.

Required:

balanced sheet for the Weismuller Publishing Company at December 31, 2021.(Amounts to be deducted should be indicated by a minus sign.)

Connect X Course Here https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoeni.. > 3 - Apply: Homework [due day 7) @ Saved Help Save & E 2 The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company. Account Title Debits Credits Cash $ 67,009 Accounts receivable 162,000 Inventory 286,000 33 Prepaid expenses 150,000 its Equipment 322,000 Accumulated depreciation $ 111, 000 Investments 142,000 Accounts payable 61, 000 eBook Interest payable 21, 090 Deferred revenue 81,060 Print Income taxes payable 31,000 Notes payable 205,090 ferences Allowance for uncollectible accounts 17,006 Common stock 401, 000 Retained earnings 201,000 Totals $1, 129, 090 $1, 129,000 Additional information: 1. Prepaid expenses include $122,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $31,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $111,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: Books & Tools Connect X Course Hero ttps://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fvle.phoeni... # Homework [due day 7] @ Saved Help Save & Ex a. a $41,000 note due in six months. b. a $101,000 note due in six years. c. a $63,000 note due in three annual installments of $21,000 each, with the next installment due August 31, 2022. 5. The common stock account represents 401,000 shares of no par value common stock issued and outstanding. The corporation has 802,000 shares authorized. Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets Net accounts receivable Total current assets 10 Books & Tools Connect X Course Here https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F% Apply: Homework [due day 7] Saved Total current assets 0 Property, plant, and equipment: Net property, plant, and equipment 0 Other assets: Total assets $ 0 Liabilities and Shareholders' Equity ICES Current liabilities: Total current liabilities Long-term liabilities:X Books & Tools X Connect X Course Hero X O https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%25 Wk 3 - Apply: Homework [due day 7] Saved 2 33.33 points Total current liabilities 0 Long-term liabilities eBook Print Total liabilities 0 References Shareholders' equity: Total shareholders' equity 0 Total liabilities and shareholders' equity 6A