b. a $100,000 note due in six years.
c. a $60,000 note due in three annual installments of $20,000 each, with the next installment due August
5. The common stock account represents 400,000 shares of no par value common stock issued and
outstanding. The corporation has 800,000 shares authorized.
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2016.
(Amounts to be deducted should be indicated by a minus sign.)