The following data are adapted from the financial statements of Pospisil Tennis Shops, Inc.:
Total current assets......................................................... $1,216,000
Accumulated amortization............................................... 2,000,000
Total liabilities...................................................................  1,540,000
Preferred shares........................................................................       0
Debt ratio...................................................................................  0.55
Current ratio..............................................................................  1.60

Required

Prepare a condensed balance sheet as of December 31, 2019.