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 December 31, 2024 ($ in 000s ) Assetsit 2 (Ch 3)Due 10/2(M) 11:59pm i Saved Current assets: Cash $ 1, 500 Accounts receivable 4, 100 Allowance for uncollectible accounts (600) Finished goods inventory 5 , 800 Prepaid expenses 2 , 806 Total current assets 13, 600 Long-term assets: Investments 2 , 400 Raw materials and work in process inventory 3,300 Equipment 16 ,500 Accumulated depreciation equipment 8, 409 Franchise Total assets $ ? Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 6,600 Notes payable 12, 000 Interest payable-note 400 Deferred revenue 3, 000 Total current liabilities 22,000 Long-term liabilities: Bonds payable 11, 000 Interest payable-bonds 600 Shareholders' equity: Common stock $ Retained earnings Total liabilities and shareholders' equity Q Search 9 hpAdditional 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 $4,700. Net income for 2024 was $2,900, and $1,200 in cash dividends were declared and paid to shareholders. 2. The investments represent treasury bills purchased in December 2024 that mature in January 2025. 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 $1,200 for each payment due. 5. Deferred revenue will be recognized equally over the next 18 months 6. The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding. Required: Prepare a complete, corrected, classified balance sheet. Note: Do not round your intermediate calculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.HENDERSON MANUFACTURING COMPANY Balance Sheet December 31, 2024 ($ in 000s, except share data) Assets Current assets: Inventory: 0 Total current assets 0 Property, plant, and equipment: Net property, plant, and equipmentIntangibles: Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities 0 Long-term liabilities: Bonds payable Total liabilities\f