The following is the ending balances of accounts at December 31, 2024, for the Vosburgh Electronics Corporation. Account Title Cash Short-term investments Accounts receivable Long-term investments Inventory Receivables from employees Prepaid expenses (for 2025) Land Building Equipment Patent (net) Franchise (net) Notes receivable Interest receivable Accumulated depreciation-building Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/2025) Interest payable Income taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional Information: Debits $ 101,000 Credits 216,000 157,000 52,000 232,000 57,000 33,000 297,000 1,720,000 654,000 169,000 57,000 335,000 29,000 $ 637,000 227,000 206,000 27,000 33,000 57,000 77,000 334,000 25,000 2,068,000 418,000 $ 4,109,000 $ 4,109,000 1. The receivables from employees are due on June 30, 2025. 2. The notes receivable are due in Installments of $67,000, payable on each September 30. Interest is payable annually. 3. Short-term Investments consist of securities that the company plans to sell in 2025 and $67,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2025. Long-term Investments consist of securities that the company does not plan to sell in the next year. 4. Deferred revenue represents payments from customers for extended service contracts. Eighty percent of these contracts expire In 2025, the remainder in 2026. 5. Notes payable consists of two notes, one for $117,000 due on January 15, 2026, and another for $217,000 due on June 30, 2027. Required: Prepare a classified balance sheet for Vosburgh at December 31, 2024. Note: Amounts to be deducted should be Indicated by a minus sign. VOSBURGH ELECTRONICS CORPORATION Balance Sheet At December 31, 2024 Current assets: Cash and cash equivalents Short-term investments Accounts receivable Assets $ 168,000 149,000