Question: Please do not answer if you won't answer every single question . It will be an automatic thumbs down if you don't answer all questions.

Please do not answer if you won't answer every single questionPlease do not answer if you won't answer every single question. Itwill be an automatic thumbs down if you don't answer all questions.. It will be an automatic thumbs down if you don't answer all questions.

Presented below is the balance sheet for HHD, Inc., at December 31, 2018. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity 616,000 512,000 2,112,000 208,000 $3,448,000 $ 416,000 992,000 2,040,000 $3,448,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $154,000; accounts receivable, $204,000; inventories, $229,000; and prepaid insurance, $29,000. b. Investments: investments in common stock, short term, $94,000, and long term, $164,000; and restricted cash, long term, $254,000. c. Property, plant, and equipment: buildings, $1,540,000 less accumulated depreciation, $604,000; equipment, $540,000 less accumulated depreciation, $204,000; and land, $840,000. d. Intangible assets: patent, $114,000; and copyright, $94,000. e. Current liabilities: accounts payable, $104,000; notes payable, short term, $154,000, and long term, $94,000; and taxes payable, $64,000. f. Long-term liabilities: bonds payable due 2023. g. Shareholders' equity: common stock, $1,200,000; retained earnings, $840,000. Four hundred thousand shares of no par common stock are authorized, of which 240,000 shares were issued and are outstanding. Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) Required: Prepare a corrected classified balance sheet for HHD, Inc., at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) HHD, INC. Balance Sheet At December 31, 2018

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