The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash $ 85,000 Short-term investments 200,000 Accounts receivable 141,000 Long-term investments 44,000 Inventory 224,000 Receivables from employees 49,000 Prepaid expenses (for 2025) 25,000 Land 289,000 Building 1,640,000 Equipment 646,000 Patent (net) 161,000 Franchise (net) 49,000 Notes receivable 295,000 Interest receivable 21,000 Accumulated depreciationbuilding $ 629,000 Accumulated depreciationequipment 219,000 Accounts payable 198,000 Dividends payable (payable on 1/16/2025) 19,000 Interest payable 25,000 Income taxes payable 49,000 Deferred revenue 69,000 Notes payable Allowance for uncollectible accounts 17,000 Common stock 2,036,000 Retained earnings 290,000 Totals $ 3,869,000 $ 3,869,000 Additional information: The receivables from employees are due on June 30, 2025. The notes receivable are due in installments of $59,000, payable on each September 30. Interest is payable annually. Short-term investments consist of securities that the company plans to sell in 2025 and $59,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2025. Long-term investments consist of securities that the company does not plan to sell in the next year. Deferred revenue represents payments from customers for extended service contracts. Seventy five percent of these contracts expire in 2025, the remainder in 2026. Notes payable consists of two notes, one for $109,000 due on January 15, 2026, and another for $209,000 due on June 30, 2027. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign