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The following is a December 31, 2024, post-closing trial balance for Almway Corporation.

Account Title	Debits	Credits
Cash	$ 67,000
Investment in equity securities	132,000
Accounts receivable	71,000
Inventory	211,000
Prepaid insurance (for the next 9 months)	9,000
Land	112,000
Buildings	431,000
Accumulated depreciationbuildings		$ 111,000
Equipment	121,000
Accumulated depreciationequipment		71,000
Patent (net)	21,000
Accounts payable		97,000
Notes payable		163,000
Interest payable		31,000
Bonds Payable		251,000
Common stock		333,000
Retained earnings		118,000
Totals	$ 1,175,000	$ 1,175,000

Additional information:

1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 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 $36,000 that the company has not used and is currently listed for sale.
3. The cash account includes $26,000 restricted in a fund to pay bonds payable that mature in 2027 and $34,000 restricted in a three-month Treasury bill.
4. The notes payable account consists of the following:

1. a $41,000 note due in six months.
2. a $61,000 note due in six years.
3. a $61,000 note due in five annual installments of $12,200 each, with the next installment due February 15, 2025.

5. The $71,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000.
6. The common stock account represents 111,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 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.

The following is a December 31, 2024, post-closing trial balance for Amwoy Corporation. Additional information: 1. The investment in equity securites account includes an investment in common stock of another corporation of $41000 which management intends to hold for at least three years. The batance of these investments is intended to be sold in the coming yeat: 2. The land account includes Isnd which cost $36.000 that the company has not used and is currenty lated for sale. 3. The cash eccount includes $26,000 restricted in a fund to poy bonds poyable that mature in 2027 and 534,000 restricted in a three-month Treasury bili 4. The notes payable account consists of the following a. a $41,000 note due in six months. b. a 561,000 note due in six years. c. o $61,000 note dwe in five annual insthaments of $12,200 each. with the next instaliment due Fobruary 15, 2025. 5. The $71,000 balance in accounts recelvable is net of an allowance for uncollectible accounts of 58,000 . 6. The common stock account represents 111,000 shares of no par value common stock issued and outstanding. The cocporation Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 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 $36,000 that the company has not used and is currently listed for sale. 3. The cash account includes $26,000 restricted in a fund to pay bonds payable that mature in 2027 and $34,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $41,000 note due in six month 5 . b. a $61,000 note due in six years. c. a $61,000 note due in five annual instaliments of $12,200 each, with the next installment due February 15,2025. 5. The $71,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000. 6. The common stock account represents 111,000 shares of no par value common stock issued and outstanding. The corporation has 600.000 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. ALMWAY CORPORATION Net property, plant, and equipment Intangible assets: Other assets: Total assets $385,000 Llabilities and Shareholdors' Equity Current liabilities

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