The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Debits...

The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash $ 79,000 Investment in equity securities 144,000 Accounts receivable 77,000 Inventory 217,000 Prepaid insurance (for the next 9 months) 5,000 Land 124,000 Buildings 437,000 Accumulated depreciation-buildings $ 117,000 Equipment 127,000 Accumulated depreciation-equipment 77,000 Patent (net) 27,000 Accounts payable 109,000 Notes payable 181,000 Interest payable 37,000 Bonds Payable 257,000 Common stock 351,000 Retained earnings 108,000 Totals $1,237,000 $1,237,000 Additional Information: 1. The Investment in equity securities account includes an investment in common stock of another corporation of $47,000 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 $42,000 that the company has not used and is currently listed for sale. 3. The cash account includes $32,000 restricted in a fund to pay bonds payable that mature in 2024 and $40,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $47,000 note due in six months. b. a $67,000 note due in six years. c. a $67,000 note due in five annual Installments of $13,400 each, with the next Installment due February 15, 2022 5. The $77,000 balance in accounts recevable is net of an allowance for uncollectible accounts of $4,000. 6. The common stock account represents 117,000 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, 2021. (Amounts to be deducted should be Indicated by a minus sign.)

ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assete Current assets: Net accounts receivable Total current assets Investments Total investments Property, plant, and equipment Net property, plant, and equipment Intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities Total current liabilities Long term labilis Total long term liabilities Total abilities Shareholders' equity Total shareholders' equily Total liabilities and shareholders' equity s