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

Item	Amount ($)
Cash	250,000
Accounts Receivable	140,000
Inventory	80,000
Property, Plant, and Equipment	700,000
Intangible Assets	120,000
Accounts Payable	90,000
Short-term Debt	70,000
Long-term Debt	280,000
Common Stock	320,000
Retained Earnings	530,000

Question:

Using the given data, prepare the classified balance sheet for McDonald's Corporation as of December 31, 2023. Ensure that the total assets equal the total liabilities and equity.