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

Account Title	Debits			Credits
Cash		83,000
Short-term investments		198,000
Accounts receivable		139,000
Long-term investments		43,000
Inventory		223,000
Receivables from employees		48,000
Prepaid expenses (for 2022)		24,000
Land		288,000
Building		1,630,000
Equipment		645,000
Patent (net)		160,000
Franchise (net)		48,000
Notes receivable		290,000
Interest receivable		20,000
Accumulated depreciationbuilding				628,000
Accumulated depreciationequipment				218,000
Accounts payable				197,000
Dividends payable (payable on 1/16/2022)				18,000
Interest payable				24,000
Income Taxes payable				48,000
Deferred revenue				68,000
Notes payable				316,000
Allowance for uncollectible accounts				16,000
Common stock				2,032,000
Retained earnings				274,000
Totals		3,839,000		3,839,000

Answer is not complete.

VOSBURGH ELECTRONICS CORPORATION
Balance Sheet
At December 31, 2021
Assets
Current assets
Cash and cash equivalentsselected answer correct	not attempted	$141,000selected answer correct
not attempted	not attempted	140,000selected answer correct
Accounts receivableselected answer correct	$139,000selected answer correct
Allowance for uncollectible accountsselected answer correct	(16,000)selected answer correct
Net accounts receivable		123,000
Loans to employeesselected answer incorrect	not attempted	123,000selected answer incorrect
Interest receivableselected answer correct	not attempted	200,000selected answer incorrect
Notes receivableselected answer correct	not attempted	58,000selected answer correct
Inventoryselected answer correct	not attempted	223,000selected answer correct
Prepaid expensesselected answer correct	not attempted	24,000selected answer correct
not attempted	not attempted	not attempted
Total current assets		1,032,000
Investments:
Inventoryselected answer incorrect	not attempted
Bonds payableselected answer incorrect	43,000selected answer correct
not attempted	not attempted
Total investments		43,000
Property, plant, and equipment:
Landselected answer correct	$288,000selected answer correct
Buildingsselected answer correct	1,630,000selected answer correct
Equipmentselected answer correct	645,000selected answer correct
not attempted	2,563,000
Less: Accumulated depreciation-buildingsselected answer correct	(628,000)selected answer correct
Less: Accumulated depreciation-equipmentselected answer correct	(218,000)selected answer correct
Net property, plant, and equipment		1,717,000
Intangible assets:
Patent (net)selected answer correct	160,000selected answer correct
Franchise (net)selected answer correct	48,000selected answer correct
Total intangible assets		208,000
Total assets		$3,000,000
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payableselected answer correct	not attempted	$197,000selected answer correct
Dividends payableselected answer correct	not attempted	18,000selected answer correct
Interest payableselected answer correct	not attempted	24,000selected answer correct
Income taxes payableselected answer correct	not attempted	48,000selected answer correct
Deferred revenueselected answer correct	not attempted	476,000selected answer incorrect
not attempted	not attempted	not attempted
Total current liabilities		763,000
Long-term liabilities:
Notes payableselected answer correct	$316,000selected answer correct	not attempted
Deferred revenueselected answer correct	20,400selected answer correct	not attempted
not attempted	not attempted	not attempted
Total long-term liabilities		336,400
Total liabilities		1,099,400
Shareholders equity:
Common stockselected answer correct	2,032,000selected answer correct
Retained earningsselected answer correct	274,000selected answer correct
not attempted	not attempted
Total shareholders equity		2,306,000
Total liabilities and shareholders equity		$3,405,400

Additional information:

1. The common stock represents 1.2 million shares of no par stock authorized, 580,000 shares issued and outstanding.
2. The receivables from employees are due on June 30, 2022.
3. The notes receivable are due in installments of $58,000, 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 $58,000 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 percent of these contracts expire in 2022, the remainder in 2023.
6. Notes payable consists of two notes, one for $108,000 due on January 15, 2023, and another for $208,000 due on June 30, 2024.

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