The following is the ending balances of accounts at December 31, 2018 for the Valley Pump Corporation. Account Title Cash Accounts receivable Inventories Interest payable Marketable securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Copyright (net of amortization) Prepaid expenses (next 12 months) Accounts payable Deferred revenues (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits 28,000 62,000 87,000 13,000 50,000 126,000 315,000 103,000 81,600 28,000 15,888 35,000 68,000 23,000 265,000 8,000 230,000 61,000 799,000 799,000 ht ances Additional information: 1. The $126,000 balance in the land account consists of $103,000 for the cost of land where the plant and office buildings are located, The remaining $23,000 represents the cost of land being held for speculation 2. The $50,000 in the marketable securities account represents an investment in the common stock of another corporation Valley intends to sell one-half of the stock within the next year. 3. The notes payable account consists of a $106,000 note due in six months and a $159,000 note due in three annual installments of $53,000 each with the first payment due in August of 2019. Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) VALLEY PUMP CORPORATION