The following is the ending balances of accounts at June 30, 2021, for Excell Company.

Account Title	Debits				Credits
Cash	$	105,000
Short-term investments		87,000
Accounts receivable (net)		302,000
Prepaid expenses (for the next 12 months)		54,000
Land		97,000
Buildings		342,000
Accumulated depreciationbuildings				$	171,000
Equipment		276,000
Accumulated depreciationequipment					131,000
Accounts payable					184,000
Accrued liabilities					56,000
Notes payable					122,000
Mortgage payable					230,000
Common stock					210,000
Retained earnings					159,000
Totals	$	1,263,000		$	1,263,000

Additional information:

1. The short-term investments account includes $29,000 in U.S. treasury bills purchased in May. The bills mature in July, 2021.
2. The accounts receivable account consists of the following:

a.	Amounts owed by customers	$	246,000
b.	Allowance for uncollectible accountstrade customers		(23,000	)
c.	Nontrade notes receivable (due in three years)		76,000
d.	Interest receivable on notes (due in four months)		3,000
	Total	$	302,000

3. The notes payable account consists of two notes of $61,000 each. One note is due on September 30, 2021, and the other is due on November 30, 2022.
4. The mortgage payable is a loan payable to the bank in semiannual installments of $4,600 each plus interest. The next payment is due on October 31, 2021. Interest has been properly accrued and is included in accrued expenses.
5. Seven hundred thousand shares of no par common stock are authorized, of which 420,000 shares have been issued and are outstanding.
6. The land account includes $61,000 representing the cost of the land on which the company's office building resides. The remaining $36,000 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, 2021. (Amounts to be deducted should be indicated by a minus sign.)

Balance Sheet At June 30, 2021 Assets Current assets Cash and cash equivalents S 134,000 Short-term investments Accounts receivable (net) Interest receivable Prepaid expenses Total current assets 134,000 Investments: 0 Property, plant, and equipment: Land Buildings Equipment 0 Less: Accumulated depreciation-buildings Less: Accumulated depreciation equipment Net property, plant, and equipment Total assets Liabilities and Shareholders' Equity 0 s 134,000 Current liabilities: Accounts payable Accrued liabilities Notes payable (current) Notes payable (current maturities of long-term debt) 0 Total current liabilities Long-term liabilities: Notes payable (long-term) Mortgage payable Total long-term liabilities Total liabilities 0 Shareholders' equity Common stock Retained earnings 0 Total shareholders' equity Total liabilities and shareholders' equity $