question 4. can you explain please?

Additional information: 1. Prepaid expenses include $132,000 paid on December 31, 2024, for two year of rent on the buliding that houses both the administrative offices and the manufacturing facility. 2 Investments include $36,000 in Treasury bills purchased on November 30, 2024. The bils mature on January 30, 2025. The remaining $116,000 is an investment in equity securities that the company intends to sell in the next year. 3. Deferred revenue represents customer prepayments for subscriptions. Subscriptions are for periods of one year or less. 4 The notes payable account consists of the following: a a $46,000 note due in six months b. a $106,000 note due in six years. c. a $78,000 note due in three annual instalments of $26,000 each, with the next installment due August 31,2025. 5. The common stock occount represents 406,000 shares of no par value common stock issued and outstanding. The corporation has 812,000 shares authorized. Required: Prepare a classitied balanced sheet for the Weismuller Publishing Company at December 31, 2024