Cash includes a $$33,000$ restricted amount to be used for repayment of the bonds payable in $2028.$ Answer is not complete.

LOS GATOS CORPORATION

Balance Sheet

At December $31,2024$

Assets

The cost of the machinery is $$216,000.$

Accounts receivable includes a $$33,000$ notes receivable from a customer due in $2027.$

The notes payable balance includes accrued interest of $$18,000.$ Principal and interest are both due on February $1,2025.$

The company began operations in $2019.$ Net income less dividends since inception of the company totals $$48,000.$

$63,000$ shares of no par common stock were issued in $2019\mathrm{.}100,000$ shares are authorized.

Required:

Prepare a corrected, classified balance sheet. Use the additional information to help determine appropriate classifications and account

balances. The cost of machinery and its accumulated depreciation are shown separately.

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