The following balance sheet for Los Gatos Corporation was prepared by a recently hired accountant. Reviewing the statement, he sees several errors.

LOS GATOS CORPORATION
Balance sheet
As of December 31, 2018
Assets
Money	ps	52,000
accounts receivable		98,000
inventories		61,000
Machinery (net)		126,000
Franchise (net)		36,000
total assets	ps	373,000
Liabilities and Shareholders' Equity
Accounts payable	ps	62,000
Reserve for bad debts		11,000
Pay		67,000
Obligations with the public		116,000
Shareholders		117,000
Total Liability and Net Worth	ps	373,000

Additional Information:

The cash includes a restricted amount of $26,000 to be used toward the payment of bonds due in 2022.

The cost of the machinery is $202,000.

Accounts receivable includes a $26,000 note receivable from a customer due 2021.

The note payable includes accrued interest of $11,000. Both principal and interest are due on February 1, 2019.

The company began operations in 2013. Income less dividends since the company's inception is $41,000.

In 2013, 56,000 common shares without par value were issued. 100,000 shares are authorized.

Required:
Prepare a classified and corrected balance sheet.