The following is the ending balances of accounts at December 31, 2021, for the VElectronics Corporation.

Account Title	Debits			Credits
Cash		81,000
Short-term investments		196,000
Accounts receivable		137,000
Long-term investments		42,000
Inventory		222,000
Receivables from employees		47,000
Prepaid expenses (for 2022)		23,000
Land		287,000
Building		1,620,000
Equipment		644,000
Patent (net)		159,000
Franchise (net)		47,000
Notes receivable		285,000
Interest receivable		19,000
Accumulated depreciationbuilding				627,000
Accumulated depreciationequipment				217,000
Accounts payable				196,000
Dividends payable (payable on 1/16/2022)				17,000
Interest payable				23,000
Income Taxes payable				47,000
Deferred revenue				67,000
Notes payable				314,000
Allowance for uncollectible accounts				15,000
Common stock				2,028,000
Retained earnings				258,000
Totals		3,809,000		3,809,000

Additional information:

1. The common stock represents 1.1 million shares of no par stock authorized, 570,000 shares issued and outstanding.
2. The receivables from employees are due on June 30, 2022.
3. The notes receivable are due in installments of $57,000, payable on each September 30. Interest is payable annually.
4. Short-term investments consist of securities that the company plans to sell in 2022 and $57,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2022. Long-term investments consist of securities that the company does not plan to sell in the next year.
5. Deferred revenue represents payments from customer for extended service contracts. Seventy five percent of these contracts expire in 2022, the remainder in 2023.
6. Notes payable consists of two notes, one for $107,000 due on January 15, 2023, and another for $207,000 due on June 30, 2024.

Required: Prepare a classified balance sheet for VElectronics at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.)

Using the following accounts:

Accounts payable Accounts receivable Accrued liabilities Additional paid-in capital Additional paid-in capital Allowance for uncollectible accounts Bonds payable Buildings Cash and cash equivalents Total current assets 138,000 Cash and cash equivalents Common stock Deferred revenue Depreciation expense Dividends pavable Total current assets 138,000 Dividends payable Equipment Finished goods Franchise (net) Furniture and fixtures Total current assets 138,000 Income taxes payable Insurance expense Interest expense Interest payable Interact receivable 138,000 Total current assets Investments: ITICEICOL puyuvic Interest receivable Inventory Land Loan payable Total current assets 138,000 Laulu Loan payable Loans to employees Long-term Investments Mortgage payable Mortgage payadie Notes payable Notes receivable Operating expenses Patent (net) Total current assets 138,000 Prepaid expenses Prepaid insurance Prepaid rent Receivables from employees Restricted cash Retained earnings Salaries payable Short-term investments Work in process 138,000 Total current assets Investments