Please create a Balance Sheet based on the information given. thanks

purchased on 12/1/24 and maturing on 5/31/25. Land t* cost includes $45,000 for land purchased for use starting in 2027. LT Notes Payable** includes principal payments of $80,000 to be made in 2025 . Common Stock has a $5 par value, with 400,000 share authorized to be issued Please create, in good form, a multiple step income statement for the year ending December 31 . 2024, and a classified balance sheet for December 31, 2024. purchased on 12/1/24 and maturing on 5/31/25. Land t* cost includes $45,000 for land purchased for use starting in 2027. LT Notes Payable** includes principal payments of $80,000 to be made in 2025 . Common Stock has a $5 par value, with 400,000 share authorized to be issued Please create, in good form, a multiple step income statement for the year ending December 31 . 2024, and a classified balance sheet for December 31, 2024