The following are the ending balances of accounts at December 31, 2021, for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventory Interest payable Investment in equity securities Land Buildings Debits Credits $ 39,000 84,000 109,000 $ 24,000 72,000 148,000 370,000 Accumulated depreciation-buildings 114,000 Equipment 103,000 Accumulated depreciation-equipment 39,000 Copyright (net) 26,000 Prepaid expenses (next 12 months) 46,000 Accounts payable 79,000 Deferred revenue (next 12 months) 34,000 Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 320,000 9,000 340,000 38,000 $997,000 $997,000 Additional Information: 1. The $148,000 balance in the land account consists of $114,000 for the cost of land where the plant and office buildings are located. The remaining $34,000 represents the cost of land being held for speculation. 2. The $72,000 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 $128,000 note due in six months and a $192,000 note due in three annual installments of $64,000 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.)