Cone Corporation is in the process of preparing its December 31, 2024, balance sheet. There are some questions as to the proper classification of the following items: a $50,000 in cash restricted in a savings account to pay debt. The debt matures in 2028. b. Prepaid rent of $24,000, covering the period January 1, 2025, through December 31, 2026. c. Notes payable of $200,000. The notes are payable in annual installments of $20,000 each, with the first installment payable on March 1, 2025. d. Accrued interest payable of $12,000 related to the notes payable is due June 30, 2025 e. Investment in equity securities of other corporations, $80,000. Cone intends to sell one-half of the securities in 2025. Required: Prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported. CONE CORPORATION Balance Sheet (Partial) At December 31, 2024 Assets Current assets Investment in equity securities Prepaid rent Long-term investments Investment in equity securities Other assets Prepaid rent $ 40,000 12,000 40,000 12,000 Liabilities and Shareholders' Equity Current liabilities Interest payable $ 12,000 Notes payable (current maturities of long-term debt) 20,000 Long-term liabilities Notes payable (long-term) 180,000