Franchise Total assets Liabilities and Shareholders' Equity Current abilities: Accounts payable Notes payable Interest payable-note Deferred revenue Total current liabilities Long-term abilities: Bonds payable Interest payable-bonds Shareholders' equity: Common stock Retained earnings Total liabilities and shareholders' equity Additional Information ($ In 000s): 8 6.800 9.000 800 2.100 17.700 8.000 800 1. Certain records that included the account balances for the franchise and shareholders' equity Items were lost. However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.6. That is, total liabilities are 160% of total shareholders' equity. Retained earnings at the beginning of the year was $4,400. Net Income for 2024 was $2,600, and $900 in cash dividends were declared and paid to shareholders. 2. The Investments represent treasury bills purchased in December 2024 that mature in January 2025. These are considered cash equivalents. 3. Interest on both the notes and the bonds is payable annually. 4. The notes payable account contains one note that is due in annual Installments of $900 for each payment due. 5. Deferred revenue will be recognized equally over the next 18 months. 6. The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding. Required: Prepare a complete, corrected, classified balance sheet. Note: Do not round your Intermediate calculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be Indicated by a minus sign. Enter your answers in thousands of dollars. HENDERSON MANUFACTURING COMPANY Balance Sheet December 31, 2024 ($ in 000s, except share data) Assets Current assets: Cash and cash equivalents Accounts receivable (net) Inventory Raw materials and work in process Finished goods Prepaid expenses Total current assets Property, plant, and equipment: Equipment Accumulated depreciation Net property, plant, and equipment Intangibles: Franchise (net) Total assets $ Liabilities and Shareholders' Equity Current liabilities: Accounts payable Interest payable Current maturities of long-term debt Deferred revenue Total current liabilities Long-term liabilities: Notes payable (current) Bonds payable Deferred revenue Total liabilities Shareholders' equity Common stock 0 ° ° Retained earnings Total shareholders' equity 0 Total liabilities and shareholders' equity $ 0