The following is the ending balances of accounts at December 31, 2016, for the Vosburgh Electronics Corporation. | | Account Title | Debits | Credits | Cash | | 99,000 | | | | | Short-term investments | | 214,000 | | | | | Accounts receivable | | 155,000 | | | | | Long-term investments | | 51,000 | | | | | Inventories | | 231,000 | | | | | Loans to employees | | 56,000 | | | | | Prepaid expenses (for 2017) | | 32,000 | | | | | Land | | 296,000 | | | | | Building | | 1,710,000 | | | | | Machinery and equipment | | 653,000 | | | | | Patent | | 168,000 | | | | | Franchise | | 56,000 | | | | | Note receivable | | 330,000 | | | | | Interest receivable | | 28,000 | | | | | Accumulated depreciationbuilding | | | | | 636,000 | | Accumulated depreciationequipment | | | | | 226,000 | | Accounts payable | | | | | 205,000 | | Dividends payable (payable on 1/16/17) | | | | | 26,000 | | Interest payable | | | | | 32,000 | | Taxes payable | | | | | 56,000 | | Deferred revenue | | | | | 76,000 | | Notes payable | | | | | 332,000 | | Allowance for uncollectible accounts | | | | | 24,000 | | Common stock | | | | | 2,064,000 | | Retained earnings | | | | | 402,000 | | | | | | | | | Totals | | 4,079,000 | | | 4,079,000 | | | | | | | | | | 1. | The common stock represents 1.3 million shares of no par stock authorized, 660,000 shares issued and outstanding. | 2. | The loans to employees are due on June 30, 2017. | 3. | The note receivable is due in installments of $66,000, payable on each September 30. Interest is payable annually. | 4. | Short-term investments consist of marketable equity securities that the company plans to sell in 2017 and $66,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2017. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year. | 5. | Deferred revenue represents customer payments for extended service contracts. Seventy percent of these contracts expire in 2017, the remainder in 2018. | 6. | Notes payable consists of two notes, one for $116,000 due on January 15, 2018, and another for $216,000 due on June 30, 2019. | | | Prepare a classified balance sheet for Vosburgh at December 31, 2016. | |