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, $18,000; accounts receivable, $13,000; inventory, $27,000; equipment (net), $82,000; accounts payable, $16,000; salaries payable, $6,000; interest payable, $2,000; notes payable (due in 18 months), $32,000; common stock, $54,000.

Prepare a classified balance sheet for K and J Nursery, Incorporated. The equipment originally cost $125,000.

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