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Prepare a classified balance sheet The following is the ending balances of accounts at December 31, 2024, for the Welsmuller Publishing Company. Additional Information: 1.

Prepare a classified balance sheet

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The following is the ending balances of accounts at December 31, 2024, for the Welsmuller Publishing Company. Additional Information: 1. Prepald expenses Include $158,000 pald on December 31,2024 , for two year of rent on the bullding that houses both the administrative offices and the manufacturing facility. 2. Investments Include $49,000 in Treasury bills purchased on November 30, 2024. The bills mature on January 30,2025 . The remaining $129,000 is an Investment In equity securitles that the company Intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for perlods of one year or less. 4. The notes payable account consists of the following: a. a $59,000 note due In six months. b. a $140,000 note due in six years. c. a $96,000 note due In three annual Installments of $32,000 each, with the next Installment due August 31,2025. 5. The common stock account represents 419,000 shares of no par value common stock Issued and outstanding. The corporation has 838,000 shares authorlzed. Requlred: Prepare a classified balanced sheet for the Welsmuller Publishing Company at December 31, 2024. Note: Amounts to be deducted should be Indlcated by a minus sign

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