The following is the balance sheet of Korver Supply Company at December, 31, 2015. Korver Supply Company Balance Sheet at December 31, 2015 Cash dollar 165,000 Accounts receivable 330, 000 Inventories 280, 000 Furniture and fixtures, net 185,000 Total assets 960, 000 Liabilities and shareholders' Equity Accounts payable (for merchandise) 280, 000 Note payable 290, 000 Interest payable 8,700 Common stock 120, 000 Retained earnings 261,300 Total liabilities and shareholder's equity 960, 000 Transactions during 2016 were as follows: Sales to customers on account dollar 940, 000 cash collected from customers 920, 000 Purchase of merchandise on account 630, 000 Cash payment to suppliers 640, 000 Cost of merchandise sold 580, 000 Cash paid for operating expenses 300, 0000 Cash paid for interest on note 17,400 The note payable is dated June 30, 2015 and is due on June 30, 2017. Interest at 6 percent is payable annually on June 30. Depreciation on the furniture and fixtures for the year is dollar34,000. The furniture and fixtures originally cost dollar440, 000. Required: Prepare a classified balance sheet at December 31, 2016 (ignore income taxes). Amount to be