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

Account Title Debits Credits

Cash $93,000

Accounts receivable 188,000

Inventory 299,000

Prepaid expenses 176,000

Equipment 348,000

Accumulated depreciation $124,000

Investments 168,000

Accounts payable 74,000

Interest payable 34,000

Deferred revenue 94,000

Income taxes payable 44,000

Notes payable 270,000

Allowance for uncollectible accounts 30,000

Common stock 414,000

Retained earnings 188,000

Totals $1,272,000 $1,272,000

Additional information:

1. Prepaid expenses include $148,000 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 $44,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $124,000is 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:

a) $54,000 note due in six months.

b) $135,000 note due in six years.

c) $81,000 note due in three annual installments of $27,000 each, with the next installment due August 31, 2022.

1. The common stock account represents 414,000 shares of no par value common stock issued and outstanding. The corporation has 828,000 shares authorized.

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