The following is the ending balances of accounts at December 31, 2016, for the Valley Pump Corporation.

The following is the ending balances of accounts at December 31, 2016, for the Valley Pump Corporation. Credits Account Title Debits Cash 25,000 Accounts receivable 56,000 Inventories 81,000 Interest payable 10.000 Marketable securities 44,000 Land 120,000 Buildings 300,000 Accumulated depreciation-buildings 100,000 Equipment 75,000 Accumulated depreciation-equipment 25.000 Copyright (net of amortization) 12,000 Prepaid expenses 32,000 payable Deferred revenues 65,000 20,000 250,000 Notes payable Allowance for uncollectible accounts 5,000 200,000 Common stock Retained earnings 70,000 745,000 745.000 Totals Additional information: 1. The $120,000 balance in the land account consists of $100,000 for the cost of land where the plant and office buildings are located. The remaining $20,000 represents the cost of land being held for speculation 2. The $44,000 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 $100,000 note due in six months and a $150,000 note due in three annual installments of $50,000 each, with the first payment due in August of 2017 Required Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.)