An alphabetical list of the adjusted trial balance accounts for North Country Rentals after its first year of operations ending March 31, 2014, is shown below:

Account	Adjusted Account Balance*
Accounts payable	$	8,300
Accumulated depreciation, building		24,200
Accumulated depreciation, furniture		2,700
Advertising expense		15,400
Building		583,000
Cash		16,200
Depreciation expense, building		24,200
Depreciation expense, furniture		2,700
Furniture		41,200
Interest expense		10,180
Interest payable		720
Janitorial expense		40,200
Land		102,000
Long-term notes payable		354,000
Notes receivable, due 2017		135,000
Office salaries expense		122,625
Office supplies		620
Office supplies expense		5,300
Patent		2,200
Prepaid advertising		320
Rent earned		390,400
Rent receivable		15,200
Salaries payable		2,225
Utilities expense		35,920
Wyett North, capital		396,920
Wyett North, withdrawals		27,200

*Assume all accounts have a normal balance.

Required:

1.

Calculate the capital balance as it would appear on the March 31, 2014, balance sheet.

2.	Prepare a classified balance sheet. Assume that $211,000 of the Long-Term Notes Payable will be paid during the year ended March 31, 2015. Also, $51,000 of the notes receivable will be collected by March 31, 2015. (Be sure to list the assets and liabilities in order of their liquidity.)