Prepare a classified balance sheet for the Almway Corporation at December 31, 2013. Cash 51,000 Investments 116,000 Accounts receivable 63,000 Inventories 203,000 Prepaid insurance 9,000 Land 96,000 Buildings 423,000 Acc

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Prepare a classified balance sheet for the Almway Corporation at December 31, 2013.

Cash	51,000
Investments	116,000
Accounts receivable	63,000
Inventories	203,000
Prepaid insurance	9,000
Land	96,000
Buildings	423,000
Accumulated depreciation—buildings		103,000
Equipment	113,000
Accumulated depreciation—equipment		63,000
Patents (net of amortization)	13,000
Accounts payable		81,000
Notes payable		139,000
Interest payable		23,000
Bonds payable		243,000
Common stock		309,000
Retained earnings		126,000

Totals	1,087,000	1,087,000

Additional information:

1.	The investment account includes an investment in common stock of another corporation of $33,000 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 $28,000 that the company has not used and is currently listed for sale.
3.	The cash account includes $18,000 set aside in a fund to pay bonds payable that mature in 2016 and $26,000 set aside in a three-month Treasury bill.
4.	The notes payable account consists of the following:

	a.	a $33,000 note due in six months.
	b.	a $53,000 note due in six years.
	c.	a $53,000 note due in 5 annual installments of $10,600 each, with the next installment due February 15, 2014.

5.	The $63,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7,000.
6.	The common stock account represents 103,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized.

Required:

Prepare a classified balance sheet for the Almway Corporation at December 31, 2013.