Certain records that included the account balances for the patent and shareholders$$ equity items were lost. However, the controller told you that a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of $1\mathrm{.}2.$ That is$,$ total liabilities are $120\%$ of total shareholders$$ equity. Retained earnings at the beginning of the year was $$7,200.$ Net income for $2024$ was $$2,350,$ and $$550$ in cash dividends were declared and paid to shareholders.

Management intends to sell the investments in the next six months.

Interest on both the notes and the bonds is payable annually.

The notes payable are due in annual installments of $$1,800$ each.

Deferred revenue will be recognized as revenue equally over the next two fiscal years.

The common stock represents $500,000$ shares of no par stock authorized, $410,000$ shares issued and outstanding.

Required:

Prepare a complete, corrected, classified balance sheet.

Note: Amounts to be deducted should be indicated by a minus sign.