The adjusted trial balance for Cortez Company at December 31, 2024 is presented below:

Accounts	Debit	Credit
Cash	$ 14,000
Accounts receivable	161,000
Prepaid rent	9,000
Supplies	30,000
Equipment	400,000
Accumulated depreciation		$ 133,000
Accounts payable		15,000
Salaries payable		3,700
Interest payable		1,900
Notes payable (due in two years)		30,000
Common stock		170,000
Retained earnings		215,800
Dividends	28,000
Service revenue		420,000
Salaries expense	189,000
Advertising expense	70,000
Rent expense	12,000
Depreciation expense	38,000
Interest expense	2,400
Utilities expense	36,000
Totals	$ 989,400	$ 989,400

Prepare a classified balance sheet for Cortez Company as of December 31, 2024. (Amounts to be deducted should be indicated with a minus sign.)

CORTEZ COMPANY Balance Sheet As of December 31, 2024