The following are the ending balances of accounts at December 31, 2024, for the Valley Pump Corporation. Additional Information: 1. The $144,000 balance in the land account consists of $112,000 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 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