The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 83,000 Short-term investments 198,000 Accounts receivable 139,000 Long-term investments 43,000 Inventories 223,000 Loans to employees 48,000 Prepaid expenses (for 2019) 24,000 Land 288,000 Building 1,630,000 Machinery and equipment 645,000 Patent 160,000 Franchise 48,000 Note receivable 290,000 Interest receivable 20,000 Accumulated depreciationbuilding 628,000 Accumulated depreciationequipment 218,000 Accounts payable 197,000 Dividends payable (payable on 1/16/19) 18,000 Interest payable 24,000 Taxes payable 48,000 Deferred revenue 68,000 Notes payable 316,000 Allowance for uncollectible accounts 16,000 Common stock 2,032,000 Retained earnings 274,000 Totals 3,839,000 3,839,000 Additional information: The common stock represents 1.2 million shares of no par stock authorized, 580,000 shares issued and outstanding. The loans to employees are due on June 30, 2019. The note receivable is due in installments of $58,000, payable on each September 30. Interest is payable annually. Short-term investments consist of marketable equity securities that the company plans to sell in 2019 and $58,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2019. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year. Deferred revenue represents customer payments for extended service contracts. Seventy percent of these contracts expire in 2019, the remainder in 2020. Notes payable consists of two notes, one for $108,000 due on January 15, 2020, and another for $208,000 due on June 30, 2021. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2018.