The following balance sheet for the Hubbard Corporation was prepared by the company:

Additional information:

The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale and is not being used in the operations of the business. The land originally cost $$68,000$ but, due to a significant increase in market value, is listed at $$156,000.$ The increase in the land account was credited to retained earnings.

The investment in equity securities account consists of stocks of other corporations and are recorded at cost$,$ $$38,000$ of which will be sold in the coming year. The remainder will be held indefinitely.

Notes payable are all long term. However, a $$280,000$ note requires an installment payment of $$70,000$ due in the coming year.

Inventory is recorded at current resale value. The original cost of the inventory is $$178,000.$

Required:

Prepare a corrected classified balance sheet for the Hubbard Corporation at December $31,2024.$

Note: Amounts to be deducted should be indicated by a minus sign.