Debits Credits Cash 26,000 Accounts Receivable 58,000 Inventories 83,000 Interest Payable 11,000 Dividends 10,000 Marketable Securities 46,000 Land 122,000 Buildings 305,000 Accumulated Depreciaction - Building 101,000 Equipment 77,000 Accumulated Depreciaction equipment 26,000 Copyright (net amoritization) 13,000 Prepaid expense (next 12 months) 33,000 Rent Expense 5,000 Salaries Expense 50,000 Depreciation Expense 20,000 Service Revenue 132,000 Accounts Payable 66,000 Deffered Revenue (next 12 months) 21,000 Notes Payable 255,000 Allowance for uncollectible accounts 6,000 Common Stock Retained Earnings Totals 210,000 848,000 20,000 848,000 Additional information: X1. The $122,000 balance in the land account consists of $101,000 for the cost of land where the plant and office buildings are located. The remaining $21,000 represents the cost of land being held for speculation. X 2. The $46,000 in the marketable securities account represents an investment in the common stock of another corporation. Valley intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $102,000 note due in six months and a $153,000 note due in three annual installments of $51,000 each, with the first payment due in August of 2020. Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2019.