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The trial balance for ( mathrm{K} ) and J Nursery, Incorporated, listed the following account balances at December 31,2024 , the end of its fiscal
The trial balance for \\( \\mathrm{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 \\( \\mathrm{K} \\) and J Nursery, Incorporated. The equipment originally cost \\$125,000. Note: Amounts to be deducted should be indicated by a minus sign
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