Question: this is my 3rd times uploading the same question, but receiving wrong answers or incomplete:( please help me out!!! 1 5 points Problem 3-3 (Algo)

this is my 3rd times uploading the same question, but receiving wrong answers or incomplete:( please help me out!!!
this is my 3rd times uploading the same question, but receiving wrong
answers or incomplete:( please help me out!!! 1 5 points Problem 3-3
(Algo) Balance sheet preparation (LO3-2, 3-3) The following is a December 31,
2021, post-closing trial balance for Almway Corporation Account Title Dobits Credits Cash
63,000 Investment In equity securities 120,000 Accounts receivable 69,000 Inventory 209,000 Prepaid

1 5 points Problem 3-3 (Algo) Balance sheet preparation (LO3-2, 3-3) The following is a December 31, 2021, post-closing trial balance for Almway Corporation Account Title Dobits Credits Cash 63,000 Investment In equity securities 120,000 Accounts receivable 69,000 Inventory 209,000 Prepaid Insurance for the next months) 17,000 Land 108,000 Buildings 429,000 Accumulated depreciation buildings $ 109,000 Equipment 119,000 Accumulated depreciation equipment 69,000 Patent (net) 19,000 Accounts payable 94,000 Notes payable 157.000 Interest payable 29,000 Bonds Payable 249,000 Connon stock 327,000 Retained earnings 117,000 Totalo $1,151,000 $1,151,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $39,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $34,000 that the company has not used and is currently listed for sale, 3. The cash account includes $24,000 restricted in a fund to pay bonds payable that mature in 2024 and $32,000 restricted in a three-month Treasury bill 4. The notes payable account consists of the following: DONAR- Save Hel Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp 1 4. The notes payable account consists of the following: a. a $39.000 note due in six months. b. a $59,000 note due in six years. c. a $59,000 note due in five annual installments of $11,800 each, with the next installment due February 15, 2022. 5. The $69,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000 6. The common stock account represents 109,000 shares of no par value common stock issued and outstanding. The corporation has 300.000 shares authorized pints Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Cash and cash equivalents Restricted cash Investment in equity securities Accounts receivable Net accounts receivable Inventory Prepaid insurance $ OOO 7.000 3 32,000 75,000 6,000 81.000 69,000 209,000 7,000 3 O Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. ALMWAY CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Cash and cash equivalents Restricted cash Investment in equity securities 3 75,000 Accounts receivable $ 8.000 Net accounts receivable Inventory Prepaid insurance $ 7.000 32.000 81,000 69,000 200.000 7,000 405.000 Total current assets Investments: Investment in equity securities Land held for sale Restricted cash 39,000 34.000 24.000 97,000 Total investments Property, plant, and equipment: Land 74.000 you have completed so 1 Total current assets . 405,000 Investments Investment in equity securities Land held for sale Restricted cash 39,000 nts 34,000 24,000 97,000 Total Investments Property, plant, and equipment: Land Buildings Depreciation expense 74,000 429,000 (109,000) 394,000 394,000 Net property, plant, and equipment Intangible assets: Equipment Depreciation expense Total assets Liabilities and Shareholders' Equity Current liabilities: 119,000 (69,000) 946,000 $ Patent (net) $ 19,000 Incorrect for the work you have ca 1 Liabilities and Shareholders' Equity Current liabilities: Patent (net) 5 points $ 19,000 19,000 Total current liabilities Long-term liabilities: Accounts payable Interest payable Notes payable (current) Total long-term liabilities Total liabilities Shareholders' equity: 94,000 29,000 39,000 X 162,000 181,000 117,000 Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 117,000 298,000 $

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