Problem 3-4 (Static) Balance sheet preparation (LO3-2, 3-3) The following is the ending balances of accounts at December 31, 2021, for the Weismuller Publishing Company Account Title Credits $ Accounts receivable Inventory Prepaid expenses Debits 65,00 160, 285.00 148,000 30. Accumulated depreciation $ 110,000 140.000 Accounts payable Interest payable Deferred revenue Income taxes payable 200,000 A ance for collectible ac Common stock Retained earnings Additional information 1. Prepaid expenses include $120,000 paid on December 31, 2021. for a two year lease on the building that houses both the administrative offices and the manufacturing facility 2. Investments include $30.000 in Treasury bills purchased on November 30, 2021 The bills matuon Vanuary 30, 2022 The remaining $110.000 is an investment in equity securities that the company intends to sell in the next year 3. Deferred revenue represents customer prepayments for magazine subscriptions Subscriptions are for periods of one year or less 4. The notes payable account consists of the following a. a $40.000 note due in months b a $100.000 note due in years CS60 DOO note due in three annual installments of $20.000 the instali due t 2022 5. The common stock account represents 400,000 Shares of naparvite common stock issued and outstanding. The corporation has 900 000 shares authorized WWW www W Required: WWW Prepare a classified balanced sheet for the We lle croww December 2021 (Amounts to be deducted should be indicated by a minus sign)