Brief Exercise $3-18($Static$)$ Prepare a classified balance sheet $($LO$3-5)$

The following account balances appear in the $2024$ adjusted trial balance of Blue Devils Corporation: Cash, $$5,000$; Accounts Receivable, $$9,000$; Supplies, $$19,000$; Land, $$75,000$; Accounts Payable, $$26,000$; Salaries Payable, $$16,000$; Common Stock, $$60,000$; and Retained Earnings,

Prepare the December $31,2024,$ classified balance sheet including the correct balance for retained earnings.

$\backslash$table$[[$BLUE DEVILS CORPORATION$],[$Balance Sheet$],[$December $31,2024],[$Assets$,,,$Liabilities,,$],[$Current assets:,Current liabilities:,,$],[$Cash$,$$$,5,000,$Accounts Payable,$$,26,000],[$Accounts Receivable,,$9,000,$Salaries Payable,,$16,000],[,,,,],[,,,,],[$Total current assets,,$14,000,$Total current liabilities,,$42,000],[$Long$-$term assets:,,,Stockholders' Equity,,$],[$Land$,,75,000,$Common Stock,,$60,000],[,,$Retained Earnings,,$8,000],[,,,,],[,,$Total stockholders' equity,,$68,000],[$Total assets,$$,89,000,$Total liabilities and stockholders' equity,$$,110,000]]$