Baxter and Mandy have been operating a partnership for a few years. The partnership has provided the trlal balance below as at Dec $31,2023.$

Additional Information:

The short$-$term notes payable is a $90-$day $6\%$ note that was issued on November $16,2023.$ The accrued Interest has not yet been recorded.

The long$-$term note payable is a non$-$Interest bearing note that was issued on January $1,2023$ for $$300,000.$ An Installment of $$60,000$ is due every Dec $15.$ The installment that was due Dec $15,2023$ was pald and properly recorded.

The partners have agreed to share profits and losses as follows:

Annual salarles allowances of $$40,000$ and $$60,000$ to Baxter and Mandy respectively.

Interest allowances of $18\%$ of the beginning of year capital balances. The balances shown on the trial balance are the beginning of year capital balances

Any remaining balance shared In a $1$:$3$ ratio to Baxter and Mandy, respectively.

REQUIRED: Prepare a classifled balance sheet for the partnership as at Dec $31,2023$