Table 13-12
the Following Accounts and Related Balances of FYI

Table 13-12
The following accounts and related balances of FYI Advertising Ltd. are as at December 31, 2017 prior to the closing journal entries.
$$\begin{array} { | l | r | } \hline \text { Accrued Liabilities }&\$50,400 \\\hline \text { Preferred Shares, } \$ 2.50 , \text { cumulative, } 24,000 \text { authorized and } \\\text { Issued } & 240,000 \\\hline \text { Prepaid Expenses } & 3,600 \\\hline \text { Accounts Payable } & 90,000 \\\hline \text { Interest Expense } & 29,000 \\\hline \text { Trademark, net } & 20,400 \\\hline \text { Long-term Note Payable } &600,000 \\\hline \text { Property, Plant, and Equipment, net } & 3,360,000 \\\hline \text { Retained Earnings } &623,600 \\\hline \text { Accounts Receivable, net } &318,000 \\\hline \text { Inventory } & 420,000\\\hline \text {Common Shares, 300,000 shares authorized; } 200,000 \text { shares } \\\text { Issued }&2,500,000\\\hline \text { Cash } & 384,000 \\\hline \text { Organization Costs } & 18,000 \\\hline\end{array}$$ Additional information:
$$\begin{array} { l l } \text { Total Assets, january } 1,2017 & \$ 4,100,000 \\\text { Net income for } 2017 & \$ 420,000\end{array}$$ No new shares were issued in 2017.
-Referring to Table 13-12,prepare a classified balance sheet as at December 31,2017.