Additional Information:The $$138,000$ balance in the land account consists of $$109,000$ for the cost of land where the plant and office buildings are located. The remaining $$29,000$ represents the cost of land being held for speculation.The $$62,000$ balance in the investment in equity securities account represents an investment in the common stock of another corporation. Valley intends to sell one$-$half of the stock within the next year.The notes payable account consists of a $$118,000$ note due in six months and a $$177,000$ note due in three annual installments of $$59,000$ each, with the first payment due in August of $2025.$Required:Prepare a classified balance sheet for the Valley Pump Corporation at December $31,2024.$ Use the additional information to help determine appropriate classifications and account balances.Note: Amounts to be deducted should be indicated by a minus sign.The following are the ending balances of accounts at December $31,2024,$ for the Valley Pump Corporation.

$\backslash$table$[[$Account Title,Debits,Credits$],[$Cash$,$$ $34,000,],[$Accounts receivable,$74,000,],[$Inventory$,99,000,],[$Interest payable,,$ $19,000],[$Investment in equity securities$,62,000,],[$Land$,138,000,],[$Buildings$,345,000,],[$Accumulated depreciation$-$buildings,,$109,000],[$Equipment$,93,000,],[$Accumulated depreciation$-$equipment,,$34,000],[$Copyright $($net$),21,000,],[$Prepaid expenses $($next $12$ months$),41,000,],[$Accounts payable,,$74,000],[$Deferred revenue $($next $12$ months$),,29,000],[$Notes payable,,$295,000],[$Allowance for uncollectible accounts,,$9,000],[$Common stock,,$290,000],[$Retained earnings,,$48,000],[$Totals$,$$$907,000,$$ $907,000]]$

Additional Information:

The $$138,000$ balance in the land account consists of $$109,000$ for the cost of land where the plant and office buildings are