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Additional information: 1. The investment in equity securities account includes an irwestment in common stock...

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Accounting

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Additional information: 1. The investment in equity securities account includes an irwestment in common stock of another corporation of $33,000 which management intends to hold for ot 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 $28,000 that the company has not used and is currently fisted for sale. 3. The cash account includes $18,000 restricted in a fund to pay bonds payable that mature in 2027 and $26.000 restricted in three-month Treasury bill. 4. The notes payable account consists of the following: a. a $33,000 note due in six months. b. 0$53,000 note due in six years. c. 0$53,000 note due in five annual installments of $10,600 each, with the next installiment due February 15, 2025 5. The $63,000 balance in accounts receivable is net of an allowance for uncollectiole occounts of $7,000. 6. The common stock account represents 103,000 shares of no por value common stock bsued and outstanding. The corporation has 500.000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign

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