The following is the ending balances of accounts at December 31, 2021, for the Welsmuller Publishing Company. Credits $ Debits 77,880 172,880 291,820 160,80 332.ee $ 116,000 152,680 Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 66,000 26,00 86,880 36,880 230,00 22,680 486,080 196,880 $1,184,000 $1,184,60e Additional information: 1. Prepaid expenses include $132,000 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 $36.000 in Treasury bilis purchased on November 30, 2021. The bills mature on January 30, 2022 The remaining $116,000 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: a. a $46,000 note due in six months. b. a $106,000 note due in six years. c. a $78,000 note due in three annual Installments of $26.000 each with the next Installment due August 31, 2022 5. The common stock account represents 406.000 shares of no par value common stock issued and outstanding. The corporation has 812,000 shares authorized. Required: Prepare a classified balanced sheet for the Welsmuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) WEI SMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets: Cash and cash equivalents S 113,000 Net accounts receivable 0 113,000 Total current assets Property, plant, and equipment: 0 Net property, plant, and equipment Other assets: Total assets S 113,000 Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total abilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity S 0