Liabilities and Shareholders' Equity The following balance sheet for the Hubbard Corporation was prepared by the company Additional information: 1. The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale The land originally cost $64,000 but, due to a significant increase in market volue, is listed at $148,000. The increase in the land account was credited to retained earnings 2. The investment in equity securities account consists of stocks of other corporations and are recorded at cost, $34,000 of which will be sold in the coming year. The remainder will be held indefinitely 3 Notes payable are all long term. Howevec a $240,000 note requires an installment payment of $60,000 due in the coming year. 4 inventory is recorded at current resale value. The original cost of the inventory is $174,000. Required: Prepare a corrected classified balance sheet for the Hubbard Corporation at December 31,2024 Note: Amounts to be deducted should be indicated by a minus sign