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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $19,000; accounts receivable, $14,000; inventory, $28,000; equipment (net), $76,500; operating leases,

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McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $19,000; accounts receivable, $14,000; inventory, $28,000; equipment (net), $76,500; operating leases, $6,500; accounts payable, $17,000; salaries payable, $6,500; interest payable, $2,500; notes payable (due in 18 months), $33,000; common stock, $56,000. Required: Prepare a classified balance sheet for McK Nursery, Incorporated. McK NURSERY, Incorporated Balance Sheet At December 31, 2024 Assets Current assets: Total current assets Long-term assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: Liabilities and Stockholders' Equity Total assets Liabilities and Stockholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity

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