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The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation. Additional information: 1. The recelvables from employees are

image text in transcribedimage text in transcribedimage text in transcribed The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation. Additional information: 1. The recelvables from employees are due on June 30,2025 . 2. The notes recelvable are due in installments of $62,000, payable on each September 30 . Interest is payable annually. 3. Short-term investments consist of securlties that the company plans to sell in 2025 and $62,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2025. Long-term Investments consist of securltles that the company does not plan to sell in the next year. 4. Deferred revenue represents payments from customers for extended service contracts. Elghty percent of these contracts explre In 2025 , the remainder in 2026. 5. Notes payable consists of two notes, one for $112,000 due on January 15,2026 , and another for $212,000 due on June 30 , 2027. Requlred: Prepare a classified balance sheet for Vosburgh at December 31, 2024. Note: Amounts to be deducted should be Indlcated by a minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities and Shareholders' Equity } \\ \hline Current liabilities: & & \\ \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Long-term liabilities: & & \\ \hline Total shareholders' equity & & \\ \hline Total liabilities and shareholders' equity & & \\ \hline Total liabilities & & \\ \hline Shareholders' equity: & & \\ \hline & & \\ \hline \end{tabular}

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