Presented below is the adjusted trial balance of Abbey Corporation at December 31, 2012.

Additional information:1. Net loss for the year was $2,500.2. No dividends were declared during 2012.InstructionsPrepare a classified balance sheet as of December 31,2012.

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Credits Debits Cash 24 197,000 $ 7,900,000 Sales Debt Investments (trading) (cost, $145,000) 153,000 4,800,000 299,000 Cost of Goods Sold Debt Investments (long-term) Equity Investments (long-term) Notes Payable (short-term) Accounts Payable Selling Expenses 277,000 90,000 455.000 2,000,000 Investment Revenue 63,000 Land 260,000 Buildings Dividends Payable 1,040,000 136,000 96,000 Accrued Liabilities Accounts Receivable 435,000 Accumulated Depreciation-Buildings 352,000 25,000 Allowance for Doubtful Accounts Administrative Expenses Interest Expense Inventory Extraordinary Gain Notes Payable (long-term) Equipment Bonds Payable Accumulated Depreciation-Equipment Franchises Common Stock ($5 par) Treasury Stock Patents 900,000 211,000 597,000 80,000 900,000 600,000 1,000,000 60,000 160,000 1,000,000 191,000 195,000 Retained Earnings Pald-in Capital in Excess of Par 78,000 80,000 $12,315,000 $12,315,000 Totals