The following is an alphabetical list of accounts of DRG Machinery Inc. as at January 31,2019.The balances are prior to the closing journal entries. All accounts have normal balances. LOADING...(Click the icon to view the account balances.)Required :Prepare a classified balance sheet as at January 31,2019.Complete the classified balance sheet below. (Abbreviations used: auth. = authorized; equip. = equipment; sh. = shares).

DRG Machinery Inc.
Balance Sheet
January 31, 2019
Assets			Liabilities
Current assets			Current liabilities
Cash	501,000		Accounts payable	52,600
Accounts receivable, net	315,000		Accrued liabilities	81,000
Inventory	425,000		Long-term note payable		525,000
Prepaid expenses	3,600
Property, plant, and equip., net	3,188,000		Long-term note payable		2,478,000
Intangible assets	21,300		Shareholders' Equity
			Common sh., 625,000 shares auth.,
	18,000
	18,000		Common sh., 625,000 shares auth.,	2,478,000
			Preferred shares, $2.50 cumulative,
Total Assets			Total liabilities and shareholders' equity

Next Account balances Dialog content starts The balances are prior to the closing journal entries. All accounts have normal balances.

Accrued Liabilities...............................................................................	$52,600
Accounts Payable...............................................................................	81,000
Accounts Receivable, net.....................................................................	315,000
Cash .................................................................................................	501,000
Common Shares, 625,000 shares authorized; 300,000 shares issued.....	2,478,000
Interest Expense.................................................................................	31,000
Inventory.............................................................................................	425,000
Long-term Note Payable.......................................................................	525,000
Organization Costs..............................................................................	20,000
Prepaid Expenses...............................................................................	3,600
Preferred Shares, $2.50, cumulative, 22,000 authorized and issued.........	210,000
Property, Plant, and Equipment, net......................................................	3,188,000
Retained Earnings...............................................................................	575,300
Trademark, net....................................................................................	21,300

Additional information: Net income for2019was$552,000.No new shares were issued in2019.Dialog content ends