IBM Corporation has the following balances as of December 31, 2023:

• Cash: $200,000
• Accounts Receivable: $200,000
• Prepaid Insurance: $30,000
• Equipment: $600,000
• Accumulated Depreciation: $200,000
• Accounts Payable: $80,000
• Salaries Payable: $40,000
• Common Stock: $300,000
• Retained Earnings: $340,000

Prepare a classified balance sheet for IBM Corporation as of December 31, 2023.