The following is the balance sheet of Korver Supply Company at December $31,2023($prior year$).$ Transactions during $2024($current yean$)$ were as follows: Additionat information The notes payable are dated June $30,2023.$ and are due on June $30\mathrm{.}2025$ interest at $8\%$ is payable annually on June $30$ Depreciation on the furniture and fixtures for $2024$ is $ $36\mathrm{.}000.$ The furniture and fixtures onginally cost$ $460,000.$ Required: Prepare a classified balance sheet at December $31,2024,$ by updating ending balances from $2023$ for transactions during $2024$ aniThe 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 $5\%$ is payable annually on June $30.$

Depreciation on the furniture and fixtures for $2024$ is $$29,000.$ The furniture and fixtures originally cost $$390,000.$

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.