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4 Cone Corporation is in the process of preparing its December 31, 2021. balance sheet. There are some questions as to the proper classification of the following items: 2 points a. $61,000 in cash restricted in a savings account to pay bonds payable. The bonds mature in 2025. b. Prepaid rent of $35.000, covering the period January 1, 2022, through December 31, 2023. c. Notes payable of $222,000. The notes are payable in annual installments of $31,000 each with the first installment payable on March 1, 2022 d. Accrued interest payable of $23,000 related to the notes payable. e. Investment in equity securities of other corporations. $102,000. Cone intends to sell one-half of the securities in 2022. eBook Print Required: Prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported. References CONE CORPORATION Balance Sheet (Partial) At December 31, 2021 Assets Current assets - Prepaid rent Investments Other assets: Liabilities and Shareholders' Equity Current liabilities: Long-term liabilities: 4 Cone Corporation is in the process of preparing its December 31, 2021. balance sheet. There are some questions as to the proper classification of the following items: 2 points a. $61,000 in cash restricted in a savings account to pay bonds payable. The bonds mature in 2025. b. Prepaid rent of $35.000, covering the period January 1, 2022, through December 31, 2023. c. Notes payable of $222,000. The notes are payable in annual installments of $31,000 each with the first installment payable on March 1, 2022 d. Accrued interest payable of $23,000 related to the notes payable. e. Investment in equity securities of other corporations. $102,000. Cone intends to sell one-half of the securities in 2022. eBook Print Required: Prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported. References CONE CORPORATION Balance Sheet (Partial) At December 31, 2021 Assets Current assets - Prepaid rent Investments Other assets: Liabilities and Shareholders' Equity Current liabilities: Long-term liabilities