es 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. $69,000 in cash restricted in a savings account to pay debt. The debt matures in 2028. b. Prepaid rent of $43,000, covering the period January 1, 2025, through December 31, 2026. c. Notes payable of $238,000. The notes are payable in annual installments of $39,000 each, with the first installment payable on March 1, 2025. d. Accrued interest payable of $31,000 related to the notes payable is due June 30, 2025. e. Investment in equity securities of other corporations, $118,000. 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. Current assets: Cash and cash equivalents CONE CORPORATION Balance Sheet (Partial) At December 31, 2024 Assets Prepaid rent Long-term investments: Investment in equity securities Other assets: Accrued liabilities Liabilities and Shareholders' Equity $ 69,000 43,000 118,000 230,000