The following is a December 31, 2024, post-closing trial balance for Almway Corporation.

Account Title	Debits	Credits
Cash	$ 75,000
Investment in equity securities	140,000
Accounts receivable	75,000
Inventory	215,000
Prepaid insurance (for the next 9 months)	7,000
Land	120,000
Buildings	435,000
Accumulated depreciation—buildings		$ 115,000
Equipment	125,000
Accumulated depreciation—equipment		75,000
Patent (net)	25,000
Accounts payable		105,000
Notes payable		175,000
Interest payable		35,000
Bonds Payable		255,000
Common stock		345,000
Retained earnings		112,000
Totals	$ 1,217,000	$ 1,217,000

Additional information:

The investment in equity securities account includes an investment in common stock of another corporation of $45,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.

The land account includes land which cost $40,000 that the company has not used and is currently listed for sale.

The cash account includes $30,000 restricted in a fund to pay bonds payable that mature in 2027 and $38,000 restricted in a three-month Treasury bill.

The notes payable account consists of the following:

a $45,000 note due in six months.

a $65,000 note due in six years.

a $65,000 note due in five annual installments of $13,000 each, with the next installment due February 15, 2025.

The $75,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $5,000.

The common stock account represents 115,000 shares of no par value common stock issued and outstanding. The corporation has 400,000 shares authorized.

Required:

Prepare a classified balance sheet for the Almway Corporation at December 31, 2024.

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