Problem 3 As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing Company Balance Sheet At December 31, 2016 (S in 000s) Assets urrent assets: 1600 4,300 (500) 5,000 Cash Allowance for uncollectible accounts Finished goods i Prepaid expenses Total current assets 12,800 Noncurrent assets: 2,000 3,200 18,000 (8,000 Investments Raw materials and work in process i Equ Accumulated depreciation-equipment Franchise otal assets Liabilities and Shareholders Equity Current liabilities 6,200 8,000 200 s payable Note payable Interest payable-note Deferred revenue Total current liabilities 16,800 Long-term liabilities: Bonds 7,000 Interest payable-bonds 200 Shareholders' equity: Common stock Retained earnings Total liabilities and shareholders Additional information ($ in 000s)