The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Account Title Cash Debits Credits Short-term investments 93,000 208,00 Accounts receivable 149,000 Long-term investments 48,000 Inventory Receivables from employees 228,000 53,000 Prepaid expenses (for 2022) 29,000 Land 293,000 Building 1,680,000 Equipment 650.000 Patent (net) 165,000 Franchise (net) 53,000 Notes receivable 315,000 Interest receivable 25,000 Accumulated depreciation-building 633,000 Accumulated depreciation equipment 223,000 Accounts payable 202,000 Dividends payable (payable on 1/16/2022) 23,000 Interest payable 29.000 Income Taxes payable $3.000 Deferred revenue 73,000 Notes payable 326,000 Allowance for uncollectible accounts 21,000 Common stock 2,052,000 Retained earnings 354,000 3.989,000 Totals 3,989,000 Additional information: 1. The common stock represents 10 million shares of no par stock authorized, 630,000 shares issued and outstanding 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $63,000 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 $63,000 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. Eighty percent of these contracts expire in 2022, the remainder in 2023 6. Notes payable consists of two notes, one for 5113,000 due on January 15, 2023, and ancither for $213.000 due on June 30, 2024 Denuired: 02 Amount the Hurtad chhe Indicator huminure D.Notes payable consists of two notes, one for $115,000 Que on January 15, 2025, ana another Tor 3215,00U que on June 30, 2 Required: Prepare a classified balance sheet for Vosburgh at December 31, 2021. (Amounts to be deducted should be indicated by a minu sign.) VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Net accounts receivable 0 Total current assets Investments 0 Total investments Property, plant, and equipment 8 2 8. Drou Next 0 Total investments Property, plant, and equipment 0 Net property, plant, and equipment Intangible assets 0 s Total intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities 27 Total current liabilities Long-term liabilities 0 0 Total long-term liabilities Total liabilities Shareholders' equity