The following accounts appeared on the trial balance of Elbert Company at December 31, 2007. All accounts have normal balances.

Notes Payable	$64,000	Accounts Receivable	$172,800
Accumulated Depreciation - Bldg.	$261,000	Prepaid Expenses	$18,750
Supplies on Hand	$12,600	Customers' Deposits	$1,250
Accrued Salaries and Wages	$11,400	Common Stock***	$375,000
*Investments in Debt Securities	$93,800
Cash	$56,750	Inventories (average cost)	$526.750
Bonds Payable Due 1/1/12	$400,000	Land at Cost	$155,000
Allowance for Doubtful Accts.	$2,600	Trading Securities****	$24,400
Franchise	$64,300	Accrued Interest on Notes Payable	$650
Notes Receivable	$46,000	Buildings at Cost	$642,000
Income Taxes Payable	$52,000	Accounts Payable	$136,650
Preferred Stock**	$250,000	Additional Paid-in Capital	$54,600
Appropriated Retained Earnings	$98,000
Unappropriated Retained Earnings	$106,000

*The company intends to hold the securities until maturity, which is in7ten years. **8% cumulative; $10 par value; 25,000 shares authorized and outstanding. ***$1 par value; 400,000 shares authorized; 375,000 shares issued and outstanding. ****The company intends to sell the trading securities in the next year.

Prepare a classified balance sheet for Elbert Company at December 31, 2007