The following balance sheet for the Hubbard Corporation was prepared by the company. The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale. The land originally cost $60, 000 but, due to a significant increase in market value, is listed at $146,000. The increase in the land account was credited to retained earnings. Marketable equity securities consist of stocks of other corporations and are recorded at cost, $33,000 of which will be sold in the coming year. The remainder will be held indefinitely. Notes payable are all long-term. However, a $230, 000 note requires an installment payment of $57,500 due in the coming year. Inventories are recorded at current resale value. The original cost of the inventories is $173,000. Prepare a corrected classified balance sheet for the Hubbard Corporation at December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.)