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VALIEY PUMP CORPORATION Balance Sheet At December 31, 2024 Assets Current assets: Total current assets Investments: Total investments Proporty, plant, and equipment: begin{tabular}{|l|l|l|} hline &
VALIEY PUMP CORPORATION Balance Sheet At December 31, 2024 Assets Current assets: Total current assets Investments: Total investments Proporty, plant, and equipment: \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net property, plant, and equipment & & \\ \hline Intangible assets: & & \\ \hline & & \\ \hline \end{tabular} Adotsiona/ infomiation: 1. The $132.000 balance n the land account consuts of $106,000 for the cost of land where the plant and office buildings afe iocared The remaining $26,000 represents the cost of land being held for speculation 2. The $6.000 volonce in the invesiment in equfy securities occount repiesents on investment in the coemon stock of another corporstion. Valley intends to sel one-haif of the stock within the next year. 3. The notes paysble account consists of a $112000 note due in 4.x months and a $16a.000 note due in three annual instaiments. ot \$50,000 each, with the firl, poyment due in August of 2025 . Requiled: Prepare a ciassitied balance sneet for the Vatiey Pump Corporation at December 31, 2024. Use the addasonal intormabon to heip deternine appropnate classifications and account balances. Note: Amounts to be deducted shouid be indicoted by a minus sign
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