The following is the ending balances of accounts at December $31,2024,$ for the Welsmuller Publishing Company.

Additional information:

Prepald expenses Include $$124,000$ pald on December $31,2024,$ for two year of rent on the bullding that houses both the

administrative offices and the manufacturing facility.

$2$ Investments Include $$32,000$ In Treasury bills purchased on November $30,2024.$ The bills mature on January $30,2025.$ The

remaining $$112,000$ is an Investment In equity securitles that the company intends to sell in the next year.

Deferred revenue represents customer prepayments for subscriptlons. Subscriptions are for perlods of one year or less.

The notes payable account conslsts of the following:

a$.$ a $$42,000$ note due in slx months.

b$.$ a $$102,000$ note due in slx years.

c$.$ a $$66,000$ note due In three annual Installments of $$22,000$ each, with the next Installment due August $31,2025.$

The common stock account represents $402,000$ shares of no par value common stock Issued and outstanding. The corporation

has $804,000$ shares authorlzed.

Required:

Prepare a classlfied balanced sheet for the Welsmuller Publishing Company at December $31,2024.$

Note: Amounts to be deducted should be indicated by a minus sign.