5 Question 2 - Wk 3 - Apply: Home X + ezto.mheducation.com Guest (2) ly: Homework [due .. Saved Help Save & Exit Submit The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company. Account Title Debits Credits Cash 95, 000 Accounts receivable 190, 000 Inventory 300, 909 Prepaid expenses 178, 000 Equipment 350,900 Accumulated depreciation 125, 090 Investments 170, 000 Accounts payable 75, 000 Interest payable 35, 000 Deferred revenue 95, 908 Income taxes payable 45, 900 Notes payable 275, 000 Allowance for uncollectible accounts 31,090 Common stock 415, 000 Retained earnings 187, 000 Totals $1, 283, 000 $1, 283, 000 Additional information: 1. Prepaid expenses include $150,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility. acerQuestion 2 - Wk 3 - Apply. Home X + umheducation.com ply: Homework [due day 7] Help Save & Exit Additional Information: 1. Prepaid expenses include $150,000 paid on December 31, 2021, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $45,000 in Treasury bills purchased on November 30, 2021. The bills mature on January 30, 2022. The remaining $125,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $55,000 note due in six months. b. a $136,000 note due in six years. c. a $84,000 note due in three annual installments of $28,000 each, with the next installment due August 31, 2022. 5. The common stock account represents 415,000 shares of no par value common stock issued and outstanding. The corporation has 830,000 shares authorized. Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2021 AssetsQuestion 2 -We 3 - Apply: Home + education.com : Homework (due day 7] ) Help WEISMULLER PUBLISHING COMPANY Balance Shaped At December 1. 7021 Ausets Current assets Total current assets Property, plant, and equipment Heat property, plant, and equipment 3 or 3 g acer SQuestion 2 - WE 3 - Apply: Home X + theducation.com y: Homework [due day 7] O Saved Toul mayets Liabilities and Shareholders' Equity Current Liabilities Total current Liabilities Long-term liatedition Total Liabilities Shareholders" equity Total shareholders' equity Total liabilities and shareholders' equity 2 or 3 Next > acer