Question: Presented below is the balance sheet for HHD , Incorporated, at December 3 1 , 2 0 2 4 . Current assets $ 6 1

Presented below is the balance sheet for HHD, Incorporated, at December 31,2024.
Current assets $ 612,000
Investments 509,000
Property, plant, and equipment 2,084,000
Intangible assets 206,000
Total assets $ 3,411,000
Current liabilities $ 412,000
Long-term liabilities 1,019,000
Shareholders' equity 1,980,000
Total liabilities and shareholders' equity $ 3,411,000
The captions shown in the summarized statement above include the following:
Current assets: cash, $153,000; accounts receivable (net), $203,000; inventory, $228,000; and prepaid insurance, $28,000.
Investments: investment in equity securities, short term, $93,000, and long term, $416,000.
Property, plant, and equipment: buildings, $1,530,000 less accumulated depreciation, $603,000; equipment, $530,000 less accumulated depreciation, $203,000; and land, $830,000.
Intangible assets net of amortization: patent, $113,000; and copyright, $93,000.
Current liabilities: accounts payable, $103,000; notes payable, short term, $153,000, and long term, $93,000; and income taxes payable, $63,000.
Long-term liabilities: bonds payable due 2026.
Shareholders equity: common stock, $1,150,000; retained earnings, $830,000. Six hundred thousand shares of no par common stock are authorized, of which 230,000 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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