McDonald's Corporation has the following balances as of December 31, 2023:

• Cash: $250,000
• Accounts Receivable: $450,000
• Prepaid Insurance: $50,000
• Equipment: $2,500,000
• Accumulated Depreciation: $900,000
• Accounts Payable: $350,000
• Salaries Payable: $100,000
• Common Stock: $800,000
• Retained Earnings: $500,000

Prepare a classified balance sheet for McDonald's Corporation as of December 31, 2023.