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The following is the ending balances of accounts at December 31,2024 , for the Weismuller Publishing Comparry. Additional information: 1. Prepaid expenses include $126,000 paid on December 31,2024 , for two year of rent on the building that houses both phe administrative offices and the manufacturing facility. 2 Investments include $33,000 in Treasury bills purchased on November 30,2024 . The bills mature on January 30, 2025. The remaining $113,000 is an investment in equity securities that the company intends to sell in the next year: 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less. 4. The notes payable account consists of the following: a. a $43,000 note due in six months. b. a $103,000 note due in six years. c. a $69,000 note due in three annual installments of $23,000 each, with the next instaliment due August 31,2025. 5. The common stock account represents 403,000 shares of no par value common stock issued and outstanding. The corporation has 806,000 shares authorized Required: Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. Investment in equity securities Prepaid expenses Total current assets Property. plant, and equipment: Equipment Accumulated depreciation \begin{tabular}{|r|r|} \hline$ & 326,000 \\ \hline & 113,000 \\ \hline & 439,000 \\ \hline \end{tabular} Net property, plant, and equipment Other assets: Income taxes payable Prepaid expenses Total assets \begin{tabular}{|r|} \hline 33,000 \\ \hline$1,283,000 \\ \hline$ \end{tabular} Liabilities and Shareholders' Equity Current liabilities: \begin{tabular}{|c|c|c|c|c|} \hline Accounts payable & & & 5 & 63,000 \\ \hline Interest payable & & & & 23,000 \\ \hline Deferred revenue & & & & 83,000 \\ \hline Income taxes payable & & & & 33,000 \\ \hline Notes payable (current) & & & & 66,000 \\ \hline & & & & \\ \hline & & & & \\ \hline Total current liabilities & & & & 268,000 \\ \hline \multicolumn{5}{|l|}{ Long-term liabilities: } \\ \hline Notes payable (long-term) & & & & 149,000 \\ \hline Total liabilities & & & & 417,000 \\ \hline \multicolumn{5}{|l|}{ Shareholders' equity: } \\ \hline Common stock & $ & 403,000 & & \\ \hline Retained earnings & & 199,000 & & \\ \hline Total shareholders' equity & & & & 602,000 \\ \hline Total liablities and shareholders equity & & & s & 1,019000 \\ \hline \end{tabular}

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