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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 5% is payable annually on June 30. Depreciation on the furniture and fixtures for 2024 is $37,000. The furniture and fixtures originally cost $470,000. 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

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