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

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.)

VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Net accounts receivable Total current assets Investments: Total investments Property, plant, and equipment: Net property, plant, and equipment Intangible assets: Total intangible assets Total assets Liabilities and Shareholders' Fouity Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total long-term liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity