As controller for Henderson, you are sheet prepared by a staff accountant. attempting to reconstruct and revise the following balance Henderson Manufacturing Company Balance Sheet At December 31, 2018 (S in 000s) Assets Current assets: $1,600 Cash Accounts receivable Allowance for uncollectible accounts Finished goods inventory Prepaid expenses 4,300 (500) 5,000 2.400 12,800 Total current assets Long-term assets: Investments Raw materials and work in process inventory Equipment Accumulated depreciation-equipment Franchise Total assets 2,000 3,200 18,000 (8,000) Liabilities and Shareholders' Equity Current liabilities: Accounts payable Note payable Interest payable-note Deferred revenue Total current liabilities Long-term liabilities: Bonds payable Interest payable-bonds Shareholders' equity: Common stock Retained earnings Total liabilities and shareholders' equity $6,200 8,000 200 2.400 16,800 7,000 200 Additional information (S 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 $4,300. Net income for 2018 was $2,500, and $800 in cash dividends were declared and paid to shareholders. CTU 2. The investments represent treasury bills purchased in December 2018 that mature in January 2019. These are considered cash equivalents. 3. Interest on both the note and the bonds is payable annually 4. The note payable is due in annual installments of $800 each 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, 300,000 shares issued and outstanding. Required: Prepare a complete, corrected, classified balance sheet