Prepare a classified balance sheet as of December $31,2025.$

E$4\mathrm{.}12($LO $1)($Preparation of a Balance Sheet$)$ Presented below is the trial balance of Scott Butler Corporation at December $31,2025.$

Debit

Credit

Cash

$ $197,000$

Sales Revenue

$ $8,100,000$

Debt Investments $($trading$)($at cost$,$ $$145,000)$

$153,000$

Cost of Goods Sold

$4,800,000$

Debt Investments $($long$-$term$)$

$299,000$

Equity Investments $($long$-$term$)$

$277,000$

Notes Payable $($short$-$term$)$

$90,000$

Accounts Payable

$455,000$

Selling Expenses

$2,000,000$

Investment Revenue

$63,000$

Land

$260,000$

Buildings

$1,040,000$

Dividends Payable

$136,000$

Accrued Liabilities

$96,000$

Accounts Receivable

$435,000$

Accumulated DepreciationBuildings

$152,000$

Allowance for Doubtful Accounts

$25,000$

Administrative Expenses

$900,000$

Interest Expense

$211,000$

Inventory

$597,000$

Gain

$80,000$

Notes Payable $($long$-$term$)$

$900,000$

Equipment

$600,000$

Bonds Payable

$1,000,000$

Accumulated DepreciationEquipment

$60,000$

Franchises

$160,000$

Common Stock $($$$5$ par$)$

$1,000,000$

Treasury Stock

$191,000$

Patents

$195,000$

Retained Earnings

$78,000$

Paid$-$in Capital in Excess of Par

$80,000$

Totals

$$12,315,000$

$$12,315,000$