The following is the ending balances of accounts at December 31, 2016 for the Vosburgh Electronics Corporation.

Additional Information:
1. The common stock represents 1 million shares of no par stock authorized, 500,000 shares issued and outstanding.
2. The loans to employees are due no June 30, 2017.
3. The note receivable is due in installments of $50,000, payable on each September 30. Interest is payable annually.
4. Short-term investments consist of marketable equity securities that the company plans to sell in 2017 and $50,000 in treasury bills purchased on December 15 of the current year that mature on February 15, 2017. Long-term investments consist of marketable equity securities that the company does not plan to sell in the next year.
5. Deferred revenue represents customer payments for extended service contracts. Eighty percent of these con-tracts expire in 2017, the remainder in 2018.
6. Notes payable consists of two notes, one for $100,000 due on January 15, 2018, and another for $200,000 due on June 30, 2019.
Required:
1. Prepare a classified balance sheet for Vosburgh at December 31, 2016.
2. Identify the items that would require additional disclosure, either on the face of the balance sheet or in a disclosure note.

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Account Title Debits Credits Cash Short-term investments Accounts receivable Long-term investments Inventories Loans to employees 67,000 182,000 123,000 35,000 215,000 40,000 16,000 280,000 1,550,000 637,000 152,000 40,000 250,000 12,000 Prepaid expenses for 2017) Land Building Machinery and equipment Patent Franchise Note receivable Interest receivable Accumulated depreciation-building 620,000 210,000 189,000 10,000 16,000 40,000 60,000 300,000 8,000 2,000,000 146,000 3,599,000 Accumulated depreciation-equipment Accounts payable Dividends payable (payable on 1/16/17) Interest payable Taxes payable Deferred revenue Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals 3,599,000