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Account Title Cash Investments Accounts recelvable Inventorles Prepald Insurance Land Bulldings Accumulated depreclation- Deblts Credits 77,000 142,000 76,000 216,000 6,000 436,000 bulldings Equipment Accumulated depreciation- 126,000 76,000 equipment 26,000 Patents (net of amortization Accounts payable Notes payable Interest payable Bonds Payable Common stock Retalned earnings 07000 178,000 36,000 256,000 348,000 110,000 Totals 1,227,000 1227,000 1. The Investment account Includes an Investment In common stock of another corporation of $46,000 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 $41,000 that the company has not used 3. The cash account Includes $31,000 restricted In a fund to pay bonds payable that 4. The notes payable account conslsts of the followng: and is currently lIsted for sale. mature In 2019 and $39,000 set aslde In a three-month Treasury bill. a. a $46,000 note due In six months b. a $66,000 note due In slxyears. c. a $66,000 note due In five annual Installments of $13,200 each, with the next Installment due February 15, 2017. The $76,000 balance In accounts recelvable is net of an allowance for uncollectible accounts of $6,000. 6. The common stock account represents 116,000 shares of no par value common stock Issued and outstanding. The corporation has 300,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2016

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