The following is the ending balances of accounts at December 31 , 2024, for the Welsmuller Publishing Company. Additional information: 1. Prepald expenses include $120,000 paid on December 31 , 2024, for two years of rent on the building that houses both the administratlve offices and the manufacturing faclilty. 2 Investments include $30,000 in Treasury bills purchased on November 30,2024 . The bills mature on January 30,2025 . The remaining $110,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptlons. Subscriptions are for perlods of one year or less. 4. The notes payable account conslsts of the following: a. a $40,000 note due in six months. b. a $100,000 note due in s1x years. c. a $60,000 note due in three annual Installments of $20,000 each, with the next Installment due August 31,2025 . 5. The common stock account represents 400,000 shares of no par value common stock issued and outstanding. The corporation has 800,000 shares authorized. Required: Prepare a classified balanced sheet for the Welsmuller Publishing Company at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ WEISMULLER PUBLISHING COMPANY } \\ \hline \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline \multicolumn{1}{|c|}{ At December 31, 2024 } \\ \hline \multicolumn{1}{|c|}{ Assets } & \\ \hline & & \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net accounts receivable & & \\ \hline & & \\ \hline & & \\ \hline \hline & & \\ \hline Property, plant, and equipment: & & \\ \hline \end{tabular}