The following is the balance sheet of Korver Supply Company at December 31, 2017.

KORVER SUPPLY COMPANY
Balance Sheet
At December 31, 2017
Assets
Cash	$	130,000
Accounts receivable		260,000
Inventories		210,000
Furniture and fixtures, net		150,000
Total assets	$	750,000
Liabilities and Shareholders Equity
Accounts payable (for merchandise)	$	210,000
Note payable		220,000
Interest payable		11,000
Common stock		110,000
Retained earnings		199,000
Total liabilities and shareholders' equity	$	750,000

Transactions during 2018 were as follows:

1.	Sales to customers on account	$	870,000
2.	Cash collected from customers		850,000
3.	Purchase of merchandise on account		560,000
4.	Cash payment to suppliers		570,000
5.	Cost of merchandise sold		510,000
6.	Cash paid for operating expenses		230,000
7.	Cash paid for interest on note		22,000

The note payable is dated June 30, 2017 and is due on June 30, 2019. Interest at 10% is payable annually on June 30. Depreciation on the furniture and fixtures for the year is $27,000. The furniture and fixtures originally cost $370,000. Required: Prepare a classified balance sheet at December 31, 2018 (ignore income taxes). (Amounts to be deducted should be indicated by a minus sign.)