McK Nursery, Incorporated, reports the following account balances on December 31, 2024: cash, $31,000; accounts receivable, $26,000; inventory, $40,000; equipment (net), $82,500; operating leases, $12,500; accounts payable, $29,000; salaries payable, $12,500; interest payable, $8,500; notes payable (due in 18 months), $45,000; common stock, $80,000.

Required:

Prepare a classified balance sheet for McK Nursery, Incorporated.