Question: please make the balance sheet Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. The captions shown in the summarized statement

 please make the balance sheet Presented below is the balance sheet

please make the balance sheet

Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. The captions shown in the summarized statement above include the following: a. Current assets: cash, $165,000; accounts receivable (net), $215,000; inventory, $240,000; and prepaid insurance, $40,000. b. Investments: investment in equity securities, short term, $105,000, and long term, $440,000. c. Property, plant, and equipment: buildings, $1,650,000 less accumulated depreciation, $615,000; equipment, $650,000 less accumulated depreciation, $215,000; and land, $950,000. d. Intangible assets net of amortization: patent, $125,000; and copyright, $105,000. e. Current liabilities: accounts payable, $115,000; notes payable, short term, $165,000, and long term, $105,000; and income taxes payable, $75,000. f. Long-term liabilities: bonds payable due 2026. g. Shareholders' equity: common stock, $1,750,000; retained earnings, $950,000. Six hundred thousand shares of no par common stock are authorized, of which 350,000 shares were issued and are outstanding. Required: Prepare a corrected classified balance sheet for HHD, Incorporated, at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign

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