The trial balance for K and J Nursery, Incorporated, listed the following account balances at December 31, 2024, the end of its fiscal year: cash, $22,000; accounts receivable, $17,000; inventory, $31,000; equipment (net), $86,000; accounts payable, $20,000; salaries payable, $8,000; interest payable, $4,000; notes payable (due in 18 months), $36,000; common stock, $62,000.

Prepare a classified balance sheet for K and J Nursery, Incorporated. The equipment originally cost $145,000.