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$.$$$54,000$ in cash restricted in a savings account to pay debt. The debt

b$.$Prepaid rent of $$28,000,$ covering the period January $1,2025,$ through December $31,2026.$

c$.$Notes payable of $$208,000.$ The notes are payable in annual installments of $$24,000$ each, with the first installment payable on March $1,2025.$

d$.$Accrued interest payable of $$16,000$ related to the notes payable is due June $30,2025.$

e$.$Investment in equity securities of other corporations, $$88,000.$ Cone intends to sell one$-$half of the securities in $2025.$

CONE CORPORATION

Balance Sheet $($Partial$)$

At December $31,2024$

Assets

Current assets:Required:

Prepare the asset and liability sections of a classified balance sheet to show how each of the above items should be reported.