Question: why the answer is not complete ? Help Save Check my work mode : This shows what is correct or incorrect for the work you

why the answer is not complete ?  why the answer is not complete ? Help Save Check my
work mode : This shows what is correct or incorrect for the
work you have completed so far. It does not indicate completion. 5
Ret Problem 3-3 Balance sheet preparation [LO3-2, 3-3 The following is a

Help Save Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 Ret Problem 3-3 Balance sheet preparation [LO3-2, 3-3 The following is a December 31, 2018, post-closing trial balance for Almway Corporation 10 points Debita credits Cash Investments Accounts receivable Inventories Prepaid insurance (tor the next 9 months Land Buildings Accumulated depreciation-buildings Equipment Accunulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings totals $45,000 110,000 60,000 200,000 9,000 90,000 420,000 100,000 110,000 60,000 10,000 75,000 130, 000 20,000 240,000 300,000 129,000 1,054,000 $1,054,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $30,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year month Treasury bill a. a $30,000 note due in six months. 2. The land account includes land which cost $25.000 that the company has not used and is currently listed for sale 3. The cash account includes $15.000 restricted in a fund to pay bonds payable that mature in 2021 and $23,000 restricted in a three- 4. The notes payable account consists of the following: b. a $50,000 note due in six years Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comp 5 ALMWAY CORPORATION Balance Sheet At December 31, 2018 Assets 10 Current assets Cash and cash equivalents Short-term investments 0,000 80,000 60,000 200,000 Prepaid insurance 9,000 379,000 Investments 30.000 25,000 15,000 Marketable securities Land held for sale Restricted cash Total investments 70,000 Property, plant, and equipment Land Buildings Equipment 65,000 420,000 110,000 595,000 Less: Accumulated depreciation-buldings Less: Accumulated depreciation-oquipment (100,000) (60.000) Net property, plant, and equipment 435,000 Intangible assets KPrev 5 of S ESi Next 5 Less: Accumulated depreciation-equipment(60,000) 435,000 Net property, plant, and equipment Intangible assets 10,000 Patents nts 894,000 Total assets Liabilities and Shareholders' Equity Current liabilities S 75,000 0 20,000 0,000 0,000 Accounts payable Interest payable Notes payable Current maturities of long-term debt 135,000 Total current liabilities Long-term liabilities Notes payable Bonds payable s 90,000 240,000 Total long-term liabilities Total liabilities 330,000 465,000 129,000 300,000 Shareholders' equity Retained earnings Common stock Total shareholders' equity 429,000 $ 894,000 Total liabilities and shareholders' equity

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