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, $16,000; accounts receivable, $11,000; inventory, $25,000; equipment (net), $80,000; accounts payable, $14,000; salaries payable, $9,000; interest payable, $1,000; notes payable (due in 18 months), $30,000; common stock, $50,000. Prepare a classified balance sheet for K and J Nursery, Incorporated. The equipment originally cost $140,000. Note: Amounts to be deducted should be indicated by a minus sign. K AND J NURSERY, INCORPORATED Balance Sheet At December 31, 2024 Assets Current assets: Total current assets Property, plant, and equipment