The following are the ending balances of accounts at December 31, 2024, for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventory Debits $ 38,000 Credits 82,000 107,000 Interest payable $ 23,000 Investment in equity securities Land Buildings 70,000 146,000 365,000 Accumulated depreciation-buildings 113,000 Equipment 101,000 Accumulated depreciation-equipment 38,000 Copyright (net) 25,000 Prepaid expenses (next 12 months). 45,000 Accounts payable 78,000 Deferred revenue (next 12 months) 33,000 Notes payable 315,000 8,000 330,000 41,000 Allowance for uncollectible accounts Common stock Retained earnings Totals Additional Information: $ 979,000 $979,000 1. The $146,000 balance in the land account consists of $113,000 for the cost of land where the plant and office buildings are located. The remaining $33,000 represents the cost of land being held for speculation. 2. The $70,000 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 $126,000 note due in six months and a $189,000 note due in three annual installments of $63,000 each, with the first payment due in August of 2025. Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2024. Use the additional information to help determine appropriate classifications and account balances. Note: Amounts to be deducted should be indicated by a minus sign