A list of the balance sheet accounts and their balances for Beaumont Company at 12/31/23 are presented below, except for Retained Earnings, which must be computed.

Accounts payable 164,250 Accounts receivable 202,000 Accumulated depreciation--building 94,570 Accumulated depreciation--equipment 102,200 Additional paid-in capital 228,000 Allowance for doubtful accounts 11,005 Bonds payable (long term) 196,250 Building 574,000 Cash 80,000 Common stock, $1 par value 175,000 Discount on bonds payable 9,000 Equipment 314,500 Income taxes payable 34,426 Inventory 183,930 Land 157,500 Long-term lease obligations 188,000 Marketable securities 56,000 Mortgage payable (long-term) 320,000 Notes payable 95,000 Patents (net of amortization) 121,500 Prepaid expenses 24,500

Cash includes a $8,000 bank overdraft and restricted funds of $55,000 (bond sinking fund). Inventories are valued at lower of cost or market using LIFO. Marketable securities consist of trading securities of $22,000 (current) and available-for-sale securities of $34,000 (non current), both at fair value. Land includes an abandoned lot that cost $27,500, which is no longer used in operations. Common stock authorized was 500,000 shares. Assume that notes are short-term unless otherwise stated.

Prepare a classified balance sheet in good form.