The following is the ending balances of accounts at December 31, 2024, for the Weismuller Publishing Company Account Title Cash Accounts receivable Inventory Prepaid expenses Equipment Accumulated depreciation Investments Accounts payable Interest payable ces Deferred revenue Debits $ 79,000 174,000 292,000 162,000 334,000 Credits $ 117,000 154,000 67,000 27,000 87,000 Income taxes payable. Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Additional information: 37,000 235,000 23,000 407,000 195,000 $1,195,000 $ 1,195,000 1. Prepaid expenses include $134,000 paid on December 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $37,000 in Treasury bills purchased on November 30, 2024. The bills mature on January 30, 2025. The remaining $117,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less 4. The notes payable account consists of the following: a. a $47,000 note due in six months. b. a $128,000 note due in six years. c. a $60,000 note due in three annual installments of $20,000 each, with the next installment due August 31, 2025. Additional information: 1. Prepaid expenses include $134,000 paid on December 31, 2024, for two year of rent on the building that houses both the administrative offices and the manufacturing facility. 2. Investments include $37,000 in Treasury bills purchased on November 30, 2024. The bills mature on January 30, 2025. The remaining $117,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $47,000 note due in six months. b. a $128,000 note due in six years. c. a $60,000 note due in three annual installments of $20,000 each, with the next installment due August 31, 2025. 5. The common stock account represents 407.000 shares of no par value common stock issued and outstanding. The corporation has 814,000 shares authorized. Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2024 Current assets: Cash and cash equivalents Investment in equity securities Accounts receivable Assets 174,000 $ 116,000 117,000 Check my w Current assets: Cash and cash equivalents WEISMULLER PUBLISHING COMPANY Balance Sheet At December 31, 2024 Investment in equity securities Assets 116,000 117,000 Accounts receivable 174,000 Allowance for uncollectible accounts (23,000) Net accounts receivable 151,000 292,000 Inventory Prepaid expenses Total current assets Property, plant, and equipment: Net property, plant, and equipment Other assets: 676,000 0 $ Total assets 676,000 Liabilities and Shareholders' Equity Total assets 676,000 Liabilities and Shareholders' Equity Current liabilities: Total current liabilities. Long-term liabilities: Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity 0 0 0