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

Account Title	Debits		Credits
Cash	28,000
Accounts receivable	62,000
Inventories	87,000
Interest payable			13,000
Marketable securities	50,000
Land	126,000
Buildings	315,000
Accumulated depreciationbuildings			103,000
Equipment	81,000
Accumulated depreciationequipment			28,000
Copyright (net of amortization)	15,000
Prepaid expenses (next 12 months)	35,000
Accounts payable			68,000
Deferred revenues (next 12 months)			23,000
Notes payable			265,000
Allowance for uncollectible accounts			8,000
Common stock			230,000
Retained earnings			61,000
Totals	799,000		799,000

Additional information:

1. The $126,000 balance in the land account consists of $103,000 for the cost of land where the plant and office buildings are located. The remaining $23,000 represents the cost of land being held for speculation.
2. The $50,000 in the marketable securities account represents an investment in the common stock of another corporation. Valley intends to sell one-half of the stock within the next year.
3. The notes payable account consists of a $106,000 note due in six months and a $159,000 note due in three annual installments of $53,000 each, with the first payment due in August of 2019.

Required: Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)