Novak Corporation Balance Sheet December 31, 2025 Assets Goodwill (Note 2) $125,040 Buildings (Note 1) 1,640,000 Inventory 317,140 Land 950,000 Accounts receivable Treasury stock (50,000 shares) Cash on hand 180,940 Assets allocated to trustee for plant expansion Cash in bank Debt investments (held-to-maturity) Equities Notes payable (Note 3) Common stock, authorized and issued, 1,000,000 shares, no par 1,155,040 Retained earnings Appreciation capital (Note 1) Income taxes payable Reserve for depreciation recorded to date on the building $3,698,280415,040 Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of appraisal value over cost was $575,040. Depreciation has been recorded based on cost. Note 2: Goodwill in the amount of $125,040 was resugnized because the company believed that book value was not an accurate representation of the fair value of the company. The gain of $125,040 was credited to Retained Earnings. Note 3: Notes payable are long term except for the current installment due of $100,000. Prepare a corrected classified balance sheet in good form. The notes above are for information only. (List Current Assets in order of liquidity, List Property. Plant, and Equipment in order of Land, and Buildings. Enter account name only and do not provide the descriptive information provided in the question. Assets Allocated to Trustee for Plant Expansion: Liabilities and Stockholders' Equity $ $