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

Account Title	Debits			Credits
Cash		89,000
Short-term investments		204,000
Accounts receivable		145,000
Long-term investments		46,000
Inventories		226,000
Loans to employees		51,000
Prepaid expenses (for 2017)		27,000
Land		291,000
Building		1,660,000
Machinery and equipment		648,000
Patent		163,000
Franchise		51,000
Note receivable		305,000
Interest receivable		23,000
Accumulated depreciationbuilding					631,000
Accumulated depreciationequipment					221,000
Accounts payable					200,000
Dividends payable (payable on 1/16/17)					21,000
Interest payable					27,000
Taxes payable					51,000
Deferred revenue					71,000
Notes payable					322,000
Allowance for uncollectible accounts					19,000
Common stock					2,044,000
Retained earnings					322,000
Totals		3,929,000			3,929,000

Additional information:

1.	The common stock represents 1.0 million shares of no par stock authorized, 610,000 shares issued and outstanding.
2.	The loans to employees are due on June 30, 2017.
3.	The note receivable is due in installments of $61,000, 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 2017 and $61,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2017. 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 2017, the remainder in 2018.
6.	Notes payable consists of two notes, one for $111,000 due on January 15, 2018, and another for $211,000 due on June 30, 2019.

Required:

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

VOSBURGH ELECTRONICS CORPORATION
Balance Sheet
At December 31, 2016
Assets
Current assets
Cash and cash equivalents
Accounts receivable (net)
Allowance for uncollectible accounts
		0
		0
	0
		0
		0
		$0
		0
		0
		0
		$0