vid The following is the ending balances of accounts at December 31, 2021, for the Vosburgh Electronics Corporation. Credits Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2022) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2022) Interest payable Income Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits 95,000 210,000 151,000 49,000 229,000 54,000 38,000 294,000 1,690,000 651,000 166,000 54,000 320,000 26,000 634,000 224.ee 203,000 24,000 30,000 54,000 74,000 328,000 22,000 2,056,000 370,000 4,919,000 4,019,000 Additional information: EA ere to search C i a mework Shaved Additional information: 1. The common stock represents 1.1 million shares of no par stock authorized, 640,000 shares issued and outstanding. 2. The receivables from employees are due on June 30, 2022 3. The notes receivable are due in installments of $64,000, 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 $64,000 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 five percent of these contracts expire in 2022, the remainder in 2023. 6. Notes payable consists of two notes, one for $114,000 due on January 15, 2023, and another for $214.000 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 Accounts receivable Loans to employees Not inccounts receivable 0