Account Title Cash Short-Term Investments Accounts Receivable Debit $73,000 Credit 188,000 129,000 Long-Term Investments 38,000 Inventory 218,000 Receivables from Employees 43,000 Prepaid Expenses (for 2025) 19,000 Land 283,000 Building 1,580,000 Equipment 640,000 Deferred Revenue Patent (net) Franchise (net) Notes Receivable Interest Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Accounts Payable Dividends Payable (payable on 1/16/2025) Interest Payable Income Taxes Payable Notes Payable Allowance for Uncollectible Accounts Common Stock Retained Earnings 155,000 43,000 265,000 15,000 $623,000 213,000 192,000 13,000 19,000 43,000 63,000 306,000 11,000 2,012,000 194,000 Totals $3,689,000 $3,689,000 Additional information: 1. The receivables from employees are due on June 30, 2025. 2. The notes receivable are due in installments of $53,000, payable on each September 30. Interest is payable annually. 3. Short-term investments consist of securities that the company plans to sell in 2025 and $53,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2025. Long-term investments consist of securities that the company does not plan to sell in the next year. 4. Deferred revenue represents payments from customers for extended service contracts. Seventy percent of these contracts expire in 2025, the remainder in 2026. 5. Notes payable consists of two notes, one for $103,000 due on January 15, 2026, and another for $203,000 due on June 30, 2027. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2024 Current Assets: Cash ALMWAY CORPORATION Balance Sheet At December 31, 2024 Assets Net accounts receivable Total current assets Investments: Total investments Property, Plant, and Equipment: Net property, plant, and equipment Intangible Assets: Other Assets: Liabilities and Shareholders' Equity Total assets Current Liabilities: Total current liabilities Long-Term Liabilities: Total long-term liabilities Total liabilities Shareholders' Equity: Total shareholders' equity Total liabilities and shareholders' equity