Answer:
TOTAL ASSETS $1,043,000
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $1,043,000
 
Explanation:
Preparation of a balance sheet for the Almway Corporation at December 31, 2021.
 
ALMWAY corporation
Balance sheet at December 31,2018
ASSETS 
Current Assets 
Cash and cash equivalent$47,000
($79,000-$32,000) 
Short term investment $97,000
 ($144,000-$47,000) 
Account receivable net of allowances	$77,000	
Inventories	$217,000	
Prepaid insurance	$5,000	
TOTAL CURRENT ASSETS $443,000
INVESTMENT 
Marketable securities	$47,000	
Land held for sale	$42,000	
Restricted cash	$32,000	
TOTAL INVESTMENT $121,000
Plant property and equipment 
Land $82,000
 ($124,000-$42,000) 
Building	$437,000	
Accumulated deperation Building	($117,000)	
Equipment	$127,000	
Accumulated deperation Equipment ($77,000)	
NET PLANT PROPERTY AND EQUIPMENT $452,000
INTANGIBLE ASSETS 
Patents ( net of amortization) $27,000
TOTAL ASSETS $1,043,000
LIABILITIES AND STOCKHOLDERS EQUITY 
 
Current liabilities 
Account payable	$109,000	
Interest payable	$37,000	
Note payable due in 6 months $47,000	
Current maturity of long term debt notes payable	$13,400	
TOTAL CURRENT LIABILITY $206,400
LONG TERM LIABILITIES 
Notes payable $120,600
($181,000-$47,000-$13,400) 
Bond payable	$257,000	
TOTAL LONGTERM LIABILITIES $377,600
SHAREHOLDER EQUITY 
Authorised 500,000 shares 
Issued and outstanding shares	$351,000	
Retained earnings	$108,000	
Total shareholders equity $459,000
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $1,043,000