The following is the ending balances of accounts at December 31, 2016, for the Weismuller Publishing Company.
Account Title Debits Credits
Cash 65,000
Accounts receivable 160,000
Inventories 285,000
Prepaid expenses 148,000
Machinery and equipment 320,000
Accumulated depreciation equipment 110,000
Investments 140,000
Accounts payable 60,000
Interest payable 20,000
Deferred revenue 80,000
Taxes payable 30,000
Notes payable 200,000
Allowance for uncollectible accounts 16,000
Common stock 400,000
Retained earnings 202,000
Totals 1,118,000 1,118,000

Additional information:
1. Prepaid expenses include $120,000 paid on December 31, 2016, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.
2. Investments include $30,000 in Treasury bills purchased on November 30, 2016. The bills mature on January 30, 2017. The remaining $110,000 includes investments in marketable equity securities that the company intends to sell in the next year.
3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.
4. The notes payable account consists of the following:
a. A $40,000 note due in six months.
b. A $100,000 note due in six years.
c. A $60,000 note due in three annual installments of $20,000 each, with the next installment due August 31, 2017.
5. The common stock account represents 400,000 shares of no par value common stock issued and outstanding. The corporation has 800,000 shares authorized.
Required:
Prepare a classified balanced sheet for the Weismuller Publishing Company at December 31, 2016. (Amounts to be deducted should be indicated by a minus sign.)