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The following is the ending balances of accounts at June $30,2024,$ for Excell Company. Additional information:

The short$-$term investments account includes $$31,000$ in U$.$S$.$ treasury bills purchased in May. The bills mature in July, $2024.$

The accounts receivable account consists of the following:

a$.$ Amounts owed by customers

b$.$ Allowance for uncollectible accounts$-$trade customers

The notes payable account consists of two notes of $$63,000$ each. One note is due on September $30,2024,$ and the other is

due on November $30,2025.$

The mortgage payable is a loan payable to the bank in semiannual installments of $$6,000$ each plus interest. The next payment

is due on October $31,2024.$ Interest has been properly accrued and is included in accrued expenses.

Eight hundred thousand shares of no par common stock are authorized, of which $460,000$ shares have been issued and are

outstanding.

The land account includes $$63,000$ representing the cost of the land on which the company's office building resides. The

remaining $$38,000$ is the cost of land that the company is holding for investment purposes.

Required:

Prepare a classified balance sheet for the Excell Company at June $30,2024.$

Note: Amounts to be deducted should be indicated by a minus sign.The following is the ending balances of accounts at June $30,2024,$ for Excell Company.

Cash $ $109,000$

Short$-$term investments $91,000$

Accounts receivable $($net$)306,000$

Prepaid expenses $($for the next $12$ months$)58,000$

Land $101,000$

Buildings $346,000$

Accumulated depreciation$$buildings $ $173,000$

Equipment $278,000$

Accumulated depreciation$$equipment $133,000$

Accounts payable $186,000$

Accrued liabilities $58,000$

Notes payable $126,000$

Mortgage payable $260,000$

Common stock $230,000$

Retained earnings $123,000$

Totals $ $1,289,000$ $ $1,289,000$

Additional information:

The short$-$term investments account includes $$31,000$ in U$.$S$.$ treasury bills purchased in May. The bills mature in July, $2024.$

The accounts receivable account consists of the following:

a$.$ Amounts owed by customers $ $245,000$

b$.$ Allowance for uncollectible accounts$$trade customers $(20,000)$

c$.$ Nontrade notes receivable $($due in three years$)78,000$

d$.$ Interest receivable on notes $($due in four months$)3,000$

Total $ $306,000$

The notes payable account consists of two notes of $$63,000$ each. One note is due on September $30,2024,$ and the other is due on November $30,2025.$

The mortgage payable is a loan payable to the bank in semiannual installments of $$6,000$ each plus interest. The next payment is due on October $31,2024.$ Interest has been properly accrued and is included in accrued expenses.

Eight hundred thousand shares of no par common stock are authorized, of which $460,000$ shares have been issued and are outstanding.

The land account includes $$63,000$ representing the cost of the land on which the company's office building resides. The remaining $$38,000$ is the cost of land that the company is holding for investment purposes.

Required:

Prepare a classified balance sheet for the Excell Company at June $30,2024.$

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

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