The following is the ending balances of accounts at June 30, 2016, for Excell Company.

Account Title	Debits			Credits
Cash		123,000
Short-term investments		105,000
Accounts receivable		320,000
Prepaid expenses		72,000
Land		115,000
Buildings		360,000
Accumulated depreciationbuildings					180,000
Equipment		285,000
Accumulated depreciationequipment					140,000
Accounts payable					193,000
Accrued expenses					65,000
Notes payable					140,000
Mortgage payable					330,000
Common stock					300,000
Retained earnings					32,000
Totals		1,380,000			1,380,000

Additional information:

1.	The short-term investments account includes $38,000 in U.S. treasury bills purchased in May. The bills mature in July.
2.	The accounts receivable account consists of the following:

a.	Amounts owed by customers	$	261,000
b.	Allowance for uncollectible accountstrade customers		(28,000	)
c.	Nontrade note receivable (due in three years)		85,000
d.	Interest receivable on note (due in four months)		2,000
	Total	$	320,000

3.	The notes payable account consists of two notes of $70,000 each. One note is due on September 30, 2016, and the other is due on November 30, 2017.
4.	The mortgage payable is payable in semiannual installments of $6,600 each plus interest. The next payment is due on October 31, 2016. Interest has been properly accrued and is included in accrued expenses.
5.	Eight hundred thousand shares of no par common stock are authorized, of which 600,000 shares have been issued and are outstanding.
6.	The land account includes $70,000 representing the cost of the land on which the company's office building resides. The remaining $45,000 is the cost of land that the company is holding for investment purposes.

Required:

Prepare a classified balance sheet for the Excell Company at June 30, 2016. (Amounts to be deducted should be indicated by a minus sign.)