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, 2018
Assets
Cash	$	72,000
Accounts receivable		128,000
Inventories		71,000
Machinery (net)		136,000
Franchise (net)		46,000
Total assets	$	453,000
Liabilities and Shareholders Equity
Accounts payable	$	82,000
Allowance for uncollectible accounts		21,000
Note payable		87,000
Bonds payable		126,000
Shareholders equity		137,000
Total liabilities and shareholders equity	$	453,000

Additional information:

Cash includes a $36,000 restricted amount to be used for repayment of the bonds payable in 2022.

The cost of the machinery is $222,000.

Accounts receivable includes a $36,000 note receivable from a customer due in 2021.

The note payable includes accrued interest of $21,000. Principal and interest are both due on February 1, 2019.

The company began operations in 2013. Income less dividends since inception of the company totals $51,000.

66,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized.

Required: Prepare a corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)