Problem 3-5 Balance sheet preparation [LO3-2, 3-3] The following is the ending balances of accounts at June 30, 2018 for Excell Company. Account Title 109,000 91,000 58,000 346,000 278,000 306, Prepaid expenses Buildinga Accunulated depreciation-buildinga Equipnent 173,000 Accounts payable otes payable Mortgage payable 230,000 $1,289,000 $1,289,000 1. The short-term investments account includes $31,000 in U.S. treasury bills purchased in May. The bills mature in July. 2. The accounts receivable account consists of the following: a.Anounts aved by custoner $245,000 e. Non trade note recelivable (due in three years d. Intereat receivable on note (due in four nontha) $306,000 3. The notes payable account consists of two notes of $63,000 each. One note is due on September 30, 2018, and the other is due on November 30, 2019. 4. The mortgage payable is payable in semiannual installments of $6,000 each plus interest. The next payment is due on October 31, 2018. Interest has been properly accrued and is included in accrued expenses. 5. Eight hundred thousand shares of no par common stock are authorized, of which 460,000 shares have been issued and are 6. The land account includes $63,000 representing the cost of the land on which the company's office building resides. The remaining $38,000 is the cost of land that the company is holding for investment purposes. Required: Prepare a classified balance sheet for the Excell Company at June 30, 2018. (Amounts to be deducted should be indicated by a minus sign.)