Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 3t, 2024. Note: Amounts to be deducted should be indicated by a minus sign. The following is the ending balances of accounts ot December 31, 2024, for the Weismullor Publishing Company Additional information: 1. Prepaid expenses include $130,000 poid on December 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. 2. Imvestments include $35,000 in Treasury bills purchased en Navember 30, 2024, The bills mature on January 30, 2025. The remaining $115,000 is an imvostment in equity securities that the company intends to sell in the nent year 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one yeac or less. 4. The notes payable account consists of the following: a. a $45,000 note due in 12k months. b. $ \$ $105.000 note due in six years. c. a $75,000 note due in three annual instaliments of $25,000 each, whth the rext installiment due August 34,2025 5. The cormmon stock accouns represents 405,000 shares of no par value common stock issued and outstanding The corporation has ato,000 shares authorited. \begin{tabular}{|c|c|c|c|c|} \hline & Prepaid expensos & & & 65,000 \\ \hline \multirow{3}{*}{20} & Total assets & & 5 & 1,037,000 \\ \hline & \multicolumn{4}{|c|}{ Llabilities and Shareholders' Equity } \\ \hline & \multicolumn{4}{|l|}{ Current labilces: } \\ \hline \multirow{3}{*}{8025603} & Acoounds payable & & 5 & 65,000 \\ \hline & Interest payable & & & 25,000 \\ \hline & Deferned revenue & & & 85,000 \\ \hline & Income taxes payable & & & 35,000 \\ \hline & Notes payable (current maturties of lang-term debl) & & & \\ \hline & & & & + \\ \hline & & & & \\ \hline & Tocal curtent llabities & & & 210,000 \\ \hline & Long-term liablities: & & & \\ \hline \multirow{9}{*}{ asterpices } & & & & \\ \hline & & & & \\ \hline & Total labilies & & & 210,000 \\ \hline & Shareholdots' equity? & & & \\ \hline & Common stock & 405,000 & & \\ \hline & Retained earnings & 197,000 & & \\ \hline & & & & \\ \hline & Total shareholders' equily - & & & 602,000 \\ \hline & Foes labilities and shareholders' equity. & & s & 812,000 \\ \hline \end{tabular}