Presented below is the balance sheet for HHD$,$ Incorporated, at December $31,2024.$

The captions shown in the summarized statement above include the following:

a$.$ Current assets: cash, $$160,000$; accounts receivable $($net$),$ $$210,000$; inventory, $$235,000$; and prepaid insurance, $$35,000.$

b$.$ Investments: investment in equity securities$,$ short term, $$100,000,$ and long term, $$430,000.$

c$.$ Property, plant, and equipment: buildings, $$1,600,000$ less accumulated depreciation, $$610,000$; equipment, $$600,000$ less

accumulated depreciation, $$210,000$; and land, $$900,000.$

d$.$ Intangible assets net of amortization: patent, $$120,000$; and copyright, $$100,000.$

e$.$ Current liabilities: accounts payable, $$110,000$; notes payable, short term, $$160,000,$ and long term, $$100,000$; and income taxes

payable, $$70,000.$

f$.$ Long$-$term liabilities: bonds payable due $2026.$

g$.$ Shareholders' equity: common stock, $$1,500,000$; retained earnings, $$900,000.$ Six hundred thousand shares of no par common

stock are authorized, of which $300,000$ shares were issued and are outstanding.

Required:

Prepare a corrected classified balance sheet for HHD$,$ Incorporated, at December $31,2024.$

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