Based on the following information and the post-closing trial balance shown below, preparing a balance sheet in report form at December 31 of the current year:

The merchandise inventory is stated at cost by the LIFO method.The product warranty payable is a current liability.

Vacation pay payable:

Current liability $7,140

Long-term liability 3,360

The unfunded pension liability is a long-term liability.

Notes payable:

Current liability $70,000

Long-term liability 630,000

Kornett Company

Post-Closing Trial Balance

December 31, 20Y8

Debit Balances Credit Balances

Petty Cash 4,500

Cash 243,960

Notes Receivable 100,000

Accounts Receivable 470,000

Allowance for Doubtful Accounts 16,000

Merchandise Inventory 320,000

Interest Receivable 1,875

Prepaid Insurance 45,640

Office Supplies 13,390

Land 654,925

Buildings900,000

Accumulated DepreciationBuildings 36,000

Office Equipment 246,000

Accumulated DepreciationOffice Equipment 44,000

Store Equipment 112,000

Accumulated DepreciationStore Equipment 5,000

Mineral Rights 546,000

Accumulated Depletion 30,000

Patents 42,000

Social Security Tax Payable25,470

Medicare Tax Payable 4,710

Employees Federal Income Tax Payable 40,000

State Unemployment Tax Payable 270

Federal Unemployment Tax Payable 30

Salaries Payable 157,000

Accounts Payable 131,600

Interest Payable 28,000

Product Warranty Payable 76,000

Vacation Pay Payable 10,500

Unfunded Pension Liability 50,700

Notes Payable 700,000

J. Kornett, Capital 2,345,010

3,700,290 3,700,290

What would the balance sheet be? (Entering all amounts as positive numbers)