The following is a December 31, 2013, post-closing trial balance for Almway Corporation.

Additional Information:

1. The investment account includes an investment in common stock of another corporation of $30,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.

2. The land account includes land which cost $25,000 that the company has not used and is currently listed for sale.

3. The cash account includes $15,000 set aside in a fund to pay bonds payable that mature in 2016 and $23,000 set aside in a three-month Treasury bill. The notes payable account consists of the following:

a. a $30,000 note due in six months.

b. a $50,000 note due in six years.

c. a $50,000 note due in five annual installments of $10,000 each, with the next installment due February 15, 2014.

5. The $60,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000.

6. The common stock account represents 100,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized.

Required:

Prepare a classified balance sheet for the Almway Corporation at December 31, 2013.

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Debits Credits Account Title Cash 45,000 110,000 60,000 200,000 9,000 90,000 420,000 Investments Accounts receivable Inventories Prepaid insurance Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds payable Common stock 100,000 110,000 60,000 10,000 75,000 130,000 20,000 240,000 300,000 129,000 Retained earnings Totals 1,054,000 1,054,000