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The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable

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The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 69,800 184, eee 125, Bee 36, eee 216, eee 41, eee 17,000 281,800 1,560,800 638, eee 153,800 41,800 255,800 13, eee 621, eee 211,000 190,000 11,000 17, eee 41, eee 61, eee 382, eee 9,800 2,084, eee 162, Bee 3,629,800 3,629,800 Additional Information: 1. The common stock represents 1.1 million shares of no par stock authorized. 510.000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $51.000. 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 $51.000 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 $101.000 due on January 15, 2023. and another for $201.000 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.) VO SBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Acoats Cumartes Cash and cash equivalents Accounts receivabla Loans to employees Notes receivable Not accounts receivable Nairogivabo Total current Investments: Total investments Property, plant, and equipment Not property, plant, and equipment Intangible assets Total intangible assets Liabilities and Shareholders' Equity Cumartes: Total current les Long-term biti 0 Total long-term labs Total Shareholders equity Total shareholders equity Total abilities and shareholders' equity

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