The following is the ending balances of accounts at December 31, 2024, for the Weismuller Publishing Company. Account Title Accounts receivable Cash Debits $ 103,000 Credits Inventory Prepaid expenses Equipment Accumulated depreciation Investments. Accounts payable Interest payable Deferred revenue Income taxes payable. Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional information: 198,000 304,000 186,000 358,000 $ 129,000 178,000 79,000 39,000 99,000 49,000 295,000 35,000 419,000 183,000 $ 1,327,000 $ 1,327,000 1. Prepaid expenses include $158,000 paid on December 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $49,000 in Treasury bills purchased on November 30, 2024. The bills mature on January 30, 2025. The 2. Investments include $49,000 in Treasury bills purchased on November 30, 2024. The bills mature on January 30, 2025. The remaining $129,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $59,000 note due in six months b. a $140,000 note due in six years. c. a $96,000 note due in three annual installments of $32,000 each, with the next installment due August 31, 2025 5. The common stock account represents 419,000 shares of no par value common stock issued and outstanding. The corporation has 838,000 shares authorized Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2024 Note: Amounts to be deducted should be indicated by a minus sign. WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2024 L Current assets Cash and cash equivalents Accounts receivable Inventor Assets $ 103,000 198,000 30.000 Inventory Investment in equity securities Prepaid expenses Net accounts receivable Allowance for uncollectible accounts Total current assets Property, plant, and equipment Buildings Equipment Land Net property, plant, and equipment Other assets Patent 304,000 186,000 186,000 35,000 358,000 826,000 358,000 Total assets $ 1,184,000 Liabilities and Shareholders' Equity Current liabilities 360 Accounts payable Deferred revenue Notes payable (current) Interest payable Notes payable (current maturities of long-term debt) Total current liabilities Long-term liabilities Notes payable (long-term) Total liabilities Shareholders' equity Common stock Retained earnings $ 79,000 99,000 39,000 217,000 217,000 Total shareholders' equity Total liabilities and shareholders' equity $ 217.000