Prepare a classified balance sheet in report form.

Accounts payable $77,916

Accounts receivable 67,551

Accrued expenses 23,952

Accumulated depreciation 220,541

Allowance for doubtful accounts 248

Capital in excess of par 72,913

Cash 28,837

Common stock (par $0.50, authorized 20,000 shares, issued 14,304 shares) 7,152

Current installments of long term debt 36,875

Deferred income tax liability (long term) 42,070

Inventory 16,643

Investments and special funds 11,901

Long-term debt, less current portion 393,808

Marketable securities 10,042

Other assets 727

Prepaid expenses 3,963

Property, plant, and equipment at cost 809,980

Retained earnings 67,361

Unearned transportation revenue (airline tickets expiring within one year) 6,808