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

Account Title	Debits			Credits
Cash		89,000
Short-term investments		204,000
Accounts receivable		145,000
Long-term investments		46,000
Inventory		226,000
Receivables from employees		51,000
Prepaid expenses (for 2022)		27,000
Land		291,000
Building		1,660,000
Equipment		648,000
Patent (net)		163,000
Franchise (net)		51,000
Notes receivable		305,000
Interest receivable		23,000
Accumulated depreciationbuilding				631,000
Accumulated depreciationequipment				221,000
Accounts payable				200,000
Dividends payable (payable on 1/16/2022)				21,000
Interest payable				27,000
Income Taxes payable				51,000
Deferred revenue				71,000
Notes payable				322,000
Allowance for uncollectible accounts				19,000
Common stock				2,044,000
Retained earnings				322,000
Totals		3,929,000		3,929,000

Additional information:

1. The common stock represents 1.0 million shares of no par stock authorized, 610,000 shares issued and outstanding.
2. The receivables from employees are due on June 30, 2022.
3. The notes receivable are due in installments of $61,000, 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 $61,000 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. Eighty percent of these contracts expire in 2022, the remainder in 2023.
6. Notes payable consists of two notes, one for $111,000 due on January 15, 2023, and another for $211,000 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
Cash and cash equivalents		$150,000
Short-term investments		143,000
Accounts receivable
Net accounts receivable		0
Receivables from employees		51,000
Total current assets		344,000
Investments:
Total investments		0
Property, plant, and equipment:
	0
Net property, plant, and equipment		0
Intangible assets:
Total intangible assets		0
Total assets		$344,000
Liabilities and Shareholders' Equity
Current liabilities:
Total current liabilities		0
Long-term liabilities:
Total long-term liabilities		0
Total liabilities		0
Shareholders equity:
Total shareholders equity		0
Total liabilities and shareholders equity		$0