Additional Information 1. The $144,000 balance in the land account consists of $112,000 for the cost of land where the plant and office buildings are located. The remaining $32,000 represents the cost of land being held for speculation 2. The $68,000 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 $124.000 note due in six months and a $196,000 note due in three annual installments of $62,000 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 (Amounts to be deducted should be indicated by a minus sign.)