The following is the ending balances of accounts at June $30,2024,$ for Excell Company.

Additional Information:

The short$-$term investments account includes $$28,000$ in U$.$S$.$ treasury bills purchased in May. The bills mature in July, $2024.$

The accounts recelvable account consists of the following:

a$.$ Amounts owed by customers

b$.$ Allowance for uncollectible accounts$-$trade customers

The notes payable account consists of two notes of $$60,000$ each. One note is due on September $30,2024,$ and the other is

due on November $30,2025.$

The mortgage payable is a loan payable to the bank in semlannual installments of $$4,200$ each plus interest. The next payment

Is due on October $31,2024.$ Interest has been properly accrued and is Included in accrued expenses.

Eight hundred thousand shares of no par common stock are authorized, of which $400,000$ shares have been issued and are

outstanding.

The land account includes $$60,000$ representing the cost of the land on which the company's office building resides. The

remaining $$35,000$ 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 $30,2024.$

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