The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation.

Account Title Debits Credits

Cash $67,000

Short-term investments 182,000

Accounts receivable 123,000

Long-term investments 35,000

Inventories 215,000

Loans to employees 40,000

Prepaid expenses (for 2019) 16,000

Land 280,000

Building 1,550,000

Machinery and equipment 637,000

Patent 152,000

Franchise 40,000

Note receivable 250,000

Interest receivable 12,000

Accumulated depreciationbuilding $620,000

Accumulated depreciationequipment 210,000

Accounts payable 189,000

Dividends payable (payable on 1/16/2019) 10,000

Interest payable 16,000

Taxes payable 40,000

Deferred revenue 60,000

Notes payable 300,000

Allowance for uncollectible accounts 8,000

Common stock 2,000,000

Retained earnings 146,000

Totals $ 3,599,000 $3,599,000

Additional Information:

1. The common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding.
2. The loans to employees are due on June 30, 2019.
3. The note receivable is due in installments of $50,000, payable on each September 30. Interest is payable annually.
4. Short-term investments consist of marketable equity securities that the company plans to sell in 2019 and $50,000 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.
5. Deferred revenue represents customer payments for extended service contracts. Eighty percent of these contracts expire in 2019, the remainder in 2020.
6. Notes payable consists of two notes, one for $100,000 due on January 15, 2020, and another for $200,000 due on June 30, 2021.

Required:

1. how do you prepare a classified balance sheet for Vosburgh at December 31, 2018.
2. Identify the items that would require additional disclosure, either on the face of the balance sheet or in a disclosure note.