The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation.

Account Title	Debits	Credits
Cash	$ 103,000
Short-term investments	218,000
Accounts receivable	159,000
Long-term investments	53,000
Inventory	233,000
Receivables from employees	58,000
Prepaid expenses (for 2025)	34,000
Land	298,000
Building	1,730,000
Equipment	655,000
Patent (net)	170,000
Franchise (net)	58,000
Notes receivable	340,000
Interest receivable	30,000
Accumulated depreciationbuilding		$ 638,000
Accumulated depreciationequipment		228,000
Accounts payable		207,000
Dividends payable (payable on 1/16/2025)		28,000
Interest payable		34,000
Income taxes payable		58,000
Deferred revenue		78,000
Notes payable		336,000
Allowance for uncollectible accounts		26,000
Common stock		2,072,000
Retained earnings		434,000
Totals	$ 4,139,000	$ 4,139,000

Additional information:

The receivables from employees are due on June 30, 2025.

The notes receivable are due in installments of $68,000, payable on each September 30. Interest is payable annually.

Short-term investments consist of securities that the company plans to sell in 2025 and $68,000 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 $118,000 due on January 15, 2026, and another for $218,000 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.