The following is the ending balances of accounts at December 31, 2016, for the Valley Pump Corporation.

Account Title	Debits		Credits
Cash	25,000
Accounts receivable	56,000
Inventories	81,000
Interest payable			10,000
Marketable securities	44,000
Land	120,000
Buildings	300,000
Accumulated depreciationbuildings			100,000
Equipment	75,000
Accumulated depreciationequipment			25,000
Copyright (net of amortization)	12,000
Prepaid expenses	32,000
Accounts payable			65,000
Deferred revenues			20,000
Notes payable			250,000
Allowance for uncollectible accounts			5,000
Common stock			200,000
Retained earnings			70,000
Totals	745,000		745,000

Additional information:

1.	The $120,000 balance in the land account consists of $100,000 for the cost of land where the plant and office buildings are located. The remaining $20,000 represents the cost of land being held for speculation.
2.	The $44,000 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 $100,000 note due in six months and a $150,000 note due in three annual installments of $50,000 each, with the first payment due in August of 2017.

Required:

Prepare a classified balance sheet for the Valley Pump Corporation at December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.)