The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2024 Assets Cash $ 54,000 Accounts receivable 101,000 Inventory 62,000 Machinery (net) 127,000 Franchise (net) 37,000 Total assets $ 381,000 Liabilities and Shareholders Equity Accounts payable $ 64,000 Allowance for uncollectible accounts 12,000 Notes payable 69,000 Bonds payable 117,000 Shareholders equity 119,000 Total liabilities and shareholders equity $ 381,000 Additional Information: Cash includes a $27,000 restricted amount to be used for repayment of the bonds payable in 2028. The cost of the machinery is $204,000. Accounts receivable includes a $27,000 notes receivable from a customer due in 2027. The notes payable balance includes accrued interest of $12,000. Principal and interest are both due on February 1, 2025. The company began operations in 2019. Net income less dividends since inception of the company totals $42,000. 57,000 shares of no par common stock were issued in 2019. 100,000 shares are authorized. Required: Prepare a corrected, classified balance sheet. Use the additional information to help determine appropriate classifications and account balances. The cost of machinery and its accumulated depreciation are shown separately. Note: Amounts to be deducted should be indicated by a minus sign