ving uing balances of accounts at December 31, 2021, for $ Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net) Prepaid expenses (next 12 months) Accounts payable Deferred revenue (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits $ 40,000 86,000 111,000 25,000 74,000 150,000 375,000 115,000 105,000 40,000 27,000 47,000 80,000 35,000 325,000 5,000 350,000 40,000 $1,015,000 $1,215,000 Additional Information: 1. The $150,000 balance in the land account consists of $115,000 for the cost of land where the plant and office buildings are located. The remaining $35,000 represents the cost of land being held for speculation 2. The $74,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $130,000 note due in six months and a $195,000 note due in three annual installments of $65,000 each with the first payment due in August of 2022. Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2021. Use the additional information to help determine appropriate classifications and account balances (Amounts to be deducted should be indicated by a minus sign.) VALLEY PUMP CORPORATION Balance Sheet At December 31, 2021 Assets Current assets VALLEY PUMP CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Total current assets Investments Total investments 0 Total current assets 0 Investments: 0 Total investments Property, plant and equipment 0 0 Net property plant and equipment Intangible assets Total assets $ 0 Liabilities and Shareholders' Equity Totai assets Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity: Total shareholders equity Total liabilities and shareholders' equity GA 0