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Babic Company's capital structure consists of 50,000 shares of common stock. At December 31, 2018 an analysis of the accounts and discussions with company officials

Babic Company's capital structure consists of 50,000 shares of common stock. At December 31, 2018 an analysis of the accounts and discussions with company officials revealed the following information:

Accounts Payable

$ 83,000

Accounts Receivable

109,000

Accrued Liabilities

22,000

Accumulated Depreciation

326,000

Cash

32,000

Common Stock

107,000

Bank loan (long-term)

561,000

Deferred Income Taxes (long-term)

117,000

Equipment

1,070,000

Inventory

146,000

Land

917,000

Marketable Securities

11,000

Paid-In Capital in Excess of Par

141,000

Retained Earnings

952,000

Treasury Stock

24,000

Required:

Using the information given, prepare a classified balance sheet in good form for Babic Company at December 31, 2018.

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