As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant Henderson Manufacturing Company Balance Sheet At December 31, 2021 (5 in 200s) Assets Current assets: Cash $1,550 Accounts receivable 4,050 Allowance for uncollectible accounts (300) Finished goods inventory 5,500 Prepaid expenses 3,700 Total current assets 14,500 Long-term assets: Investments 3,300 Raw materials and work in process inventory 4,200 Equipment 21,000 Accumulated depreciation-equipment (9,300) Franchise Total assets $ ? Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 7,500 Notes payable 11,800 Interest payable-note 380 Deferred revenue 2,100 Total current liabilities 20,900 Long-term liabilities: Bonds payable 10,000 Interest payable-bonds 300 Shareholders' equity: Common stock $ Retained earnings Total liabilities and shareholders' equity **| } Additional information ($ in 000s): 1. Certain records that included the account balances for the franchise and shareholders' equity items were lost. However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.5. That is, total liabilities are 150% of total shareholders' equity. Retained earnings at the beginning of the year was $3,500. Net income for 2021 was $2,600, and $1,300 in cash dividends were declared and paid to shareholders. 2. The investments represent treasury bills purchased in December 2021 that mature in January 2022. These are considered cash equivalents. 3. Interest on both the notes and the bonds is payable annually. 4. The notes payable account contains one note that is due in annual installments of $1,100 for each payment due. 5. Deferred revenue will be recognized equally over the next 18 months. 6. The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding Required: Prepare a complete, corrected, classified balance sheet. (Do not round your intermediate calculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Enter your Required: Prepare a complete, corrected, classified balance sheet. (Do not round your intermediate calculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.) $ 4.850 3.750 Henderson Manufacturing Company Balance Sheet At December 31, 2021 (5 in 000s) Assets Current assets: Cash and cash equivalents Accounts receivable (net) Inventory Raw materials and work in process Finished goods Prepaid expenses Total current assets Property, plant, and equipment: Equipment Accumulated depreciation Net property, plant, and equipment Intangibles: Franchise (net) 4,200 5.500 9,700 3,700 22.000 21.000 (9.300) 11,700 15,700 Total assets $ 49.400 Liabilities and Shareholders' Equity $ Current liabilities: Accounts payable Notes payable Interest payable Deferred revenue 7,500 1.100 600 1.400 10.600 Total current liabilities Long-term liabilities: Bonds payable Notes payable Deferred revenue $ 10,000 9,900 700 20,600 31.200 Total liabilities Shareholders' equity Common stock Retained earnings 15.733 4,800 Total shareholders' equity Total liabilities and shareholders' equity 20.533 51.733 $