300,000 The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation, Debits Credits Account Title Cash $ 25,000 Accounts receivable 56,000 Inventory 81,000 $ 10,000 Interest payable Investment in equity securities 44,000 Land 120,000 Buildings Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25,000 Copyright (net) 12,000 Prepaid expenses (next 12 months) 32,000 Accounts payable 65,000 Deferred revenue (next 12 months) 20,000 Notes payable 250,000 Allowance for uncollectible accounts 5,000 Common stock 200,000 Ratained earnings 70,000 Totals $745,000 $745,000 Additional Information: 1. The $120,000 balance in the land account consists of $100,000 for the cost of land where the plant and office buildings are located. The remaining $20,000 represents the cost of land being held for speculation. 2. The $44,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation. Valley intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $100,000 note due in six months and a $150,000 note due in three annual installments of $50,000 each, with the first payment due in August of 2022. Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2021. Use the additional information to help determine appropriate classifications and account balances