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The following is the balance sheet of Korver Supply Company at December 31, 2023 (prior year). Transactions during 2024 (current year) were as follows: Additional

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The following is the balance sheet of Korver Supply Company at December 31, 2023 (prior year). Transactions during 2024 (current year) were as follows: Additional Information: The notes payable are dated June 30,2023 , and are due on June 30,2025 . Interest at 8% is payable annually Deoreciation on the furniture and fixtures for 2024 is $36.000. The furniture and fixtures oriainallv cost $460.000 Required: Prepare a classified balance sheet at December 31,2024 , by updating ending balances from 2023 for transactions during 2024 and the additional information. The cost of furniture and fixtures and their accumulated depreciation are shown separately. Note: Amounts to be deducted should be indicated by a minus sign. Liabilities and Shareholders' Equity Current liabilities: \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Shareholders' equity: & & \\ \hline & & \\ \hline \hline Total shareholders' equity & & \\ \hline Total liabilities and shareholders' equity & & $ \\ \hline \end{tabular}

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