Presented below is the balance sheet for HHD, Incorporated, at December 31, 2024. $ 672,000 554,000 2,504,000 236,000 $ 3,966,000 Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity The captions shown in the summarized statement above include the following: a. Current assets: cash, $168,000; accounts receivable (net), $218,000; inventory, $243,000; and prepaid insurance, $43,000. b. Investments: investment in equity securities, short term, $108,000, and long term, $446,000. c. Property, plant, and equipment buildings, $1,680,000 less accumulated depreciation, $618,000; equipment, $680,000 less accumulated depreciation, $218,000; and land, $980,000. d. Intangible assets net of amortization: patent, $128,000, and copyright, $108,000. e. Current liabilities: accounts payable, $118,000; notes payable, short term, $168,000, and long term, $108,000, and income taxes payable, $78,000. $ 472,000 614,000 2,880,000 $ 3,966,000 f. Long-term liabilities: bonds payable due 2026. g. Shareholders' equity. common stock, $1,900,000; retained earnings, $980,000. Four hundred thousand shares of no par common stock are authorized, of which 380,000 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. Current assets: HHD, INCORPORATED Balance Sheet At December 31, 2024 Assets Prev 5 of 5 K Next