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The following is the ending balances of accounts at December 31. 2021, for the Weismuiler Pubilishing Compsny Additional information: 1. Prepaid expenses include $128,000 paid
The following is the ending balances of accounts at December 31. 2021, for the Weismuiler Pubilishing Compsny 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 bills 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 tor periods o one year or les5. 4. The notes payable account consists of the foliowing: a. a $44,000 note due in six months. b. a $104,000 note due in six years. c. a $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. Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31,2021 , (Amounts to t Required: deducted should be indicated by a minus sign-)
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