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.

Answer is not complete.

$\backslash$table$[[$CONE CORPORATION$],[$Balance Sheet $($Partial$)],[$At December $31,2024],[$Assets$],[$Current assets:$],[$Prepaid rent,$$,12,000],[$Investment in equity securities$,0,40,000],[$Long$-$term investments:$],[$Mortgage payable,$ox,20,000$