Account balances and supplemental information for the Kelly Corporation as of December 31, 2017, are given below:

Accounts Payable	$ 75,900
Accounts Receivable	141,600
Accumulated Depreciation--Equipment	84,000
Bonds Payable	300,000
Cash	243,900
Common Stock	1,560,000
Deferred Income Tax Liability (noncurrent)	6,900
Dividends Payable	45,000
Equipment	840,000
Income Taxes Payable	91,500
Inventory	395,100
Investment in Land	510,000
Investment in Stock of Subsidiary	492,000
Note Payable	120,000
Notes Receivable	150,000
Prepaid Insurance	7,200
Retained Earnings	453,600
Salaries and Wages Payable	42,900

(a)	$300,000 of 12% bonds were issued on December 31, 2017, at par.
(b)	40,000 shares of $30 par value common stock were sold for $1,560,000.
(c)	All the equipment was purchased on January 2, 2016. The depreciation rate is 10 percent per year.
(d)	5 percent of accounts receivable are expected to be uncollectible.
(e)	A two-year insurance policy was purchased on May 1, 2017, for $7,200.
(f)	Accrued interest on $150,000 of short-term notes receivable from customers was $5,100 at December 31, 2017.
(g)	$120,000 was borrowed from the bank on a 5-year, 10% note payable dated July 1, 2017. The loan is to be repaid at the end of 5 years. Interest is payable each year on July 1.

Required:

Prepare a properly classified balance sheet in proper form for Kelly Corporation as of December 31, 2017. NOTE: the above items a-g need to be considered and any adjustments need to be made to the balance sheet accounts and any related income statement effects should be adjusted to the retained earnings account.