The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation Account Title Debits Credits Cash $ 37,000 Accounts receivable 80,00 Inventory 105,ese Interest payable $ 22,000 Investment in equity securities 68,000 Land Buildings 144.ee 360,000 Accumulated depreciation-buildings 112.ee Equipment 99,00 Accumulated depreciation equipment Copyright (net) 37,000 24,000 Prepaid expenses (next 12 months) 44.ees Accounts payable Deferred revenue next 12 months) 77,000 32,000 Notes payable 310,000 Allowance for uncollectible accounts Connon stock 7,000 320,00 Retained earnings 44,000 Totats 1961,000 $961,000 Additional Information 1. The $144,000 balance in the land account consists of $y2,000 for the cost of land where the plant and office buildings are located. The remaining $32,000 represents the cost of land being held for speculation 2. The $68,000 balance in the investment in equity securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $124.000 note due in six months and a $186.000 note due in three annual installments of $62.000 each with the first payment due in August of 2022 Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2021. Use the additional information to help determine appropriate classifications and account balances. (Amounts to be deducted should be indicated by a minus sign.)