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The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company. Account Title Debits Credits Cash 73,000 Accounts receivable

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The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company. Account Title Debits Credits Cash 73,000 Accounts receivable 168,000 Inventory 289,000 Prepaid expenses 156,000 Equipment 328,000 Accumulated depreciation $ 114,000 Investments 148,000 Accounts payable 64,000 Interest payable 24,000 Deferred revenue 84,000 Income taxes payable 34,000 Notes payable 220.000 Allowance for uncollectible accounts 20,000 Common stock 404,000 Retained earnings 298,000 Totals $1,162,000 $1,162,000 Additional information: 1. Prepaid expenses include $128.000 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 $34,000 in Treasury bills purchased on November 30, 2021. The billis mature on January 30, 2022. The remaining $114,000 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 $44.000 note due in six months b. a $104,000 note due in six years. c. $72,000 note due in three annual installments of $24,000 each with the next installment due August 31, 2022 5. The common stock account represents 404,000 shares of no par value common stock issued and outstanding. The corporation has 808,000 shares authorized Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021 (Amounts to be deducted should

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