The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company Credits $ Debits 73,000 168,000 289,600 156,000 328,000 $ 114,000 148, cea Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 64,000 24,000 84,800 34,000 220,000 20,000 484,808 198,000 $1,162,000 $1,162,000 ces 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 for periods of one year or less 4 The notes payable account consists of the following: a. a $44,000 note due in six months b. a $104,000 note due in six years. ca $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 Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents S 107.000 Accounts receivable 168,000 Allowance for uncollectible accounts 20,000 Net accounts receivable 20,000 Inventory Prepaid expenses Total current assets 295,000 Property, plant, and equipment Equipment 0 Net property, plant, and equipment Other assets Accumulated depreciation Total assets $ 295,000 Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Deferred revenue Income taxes payable Notes payable (current) 0 Total current liabilities Long-term liabilities Notes payable (long-term) Total liabilities 0 Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 0 $