The following is a December 31, 2024, post-closing trial balance for Almway Corporation.

Account Title

Debits

Credits

Cash

$ 79,000



Investment in equity securities

144,000



Accounts receivable

77,000



Inventory

217,000



Prepaid insurance (for the next 9 months)

5,000



Land

124,000



Buildings

437,000



Accumulated depreciation—buildings



$ 117,000

Equipment

127,000



Accumulated depreciation—equipment



77,000

Patent (net)

27,000



Accounts payable



109,000

Notes payable



181,000

Interest payable



37,000

Bonds Payable



257,000

Common stock



351,000

Retained earnings



108,000

Totals

$ 1,237,000

$ 1,237,000

Additional information:

The investment in equity securities account includes an investment in common stock of another corporation of $47,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.
The land account includes land which cost $42,000 that the company has not used and is currently listed for sale.
The cash account includes $32,000 restricted in a fund to pay bonds payable that mature in 2027 and $40,000 restricted in a three-month Treasury bill.
The notes payable account consists of the following:
a $47,000 note due in six months.
a $67,000 note due in six years.
a $67,000 note due in five annual installments of $13,400 each, with the next installment due February 15, 2025.
The $77,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $4,000.
The common stock account represents 117,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized.

Required:

Prepare a classified balance sheet for the Almway Corporation at December 31, 2024.

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