From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

Accounts Payable............................$62,500
Accounts Receivable........................123,000
Buildings........................................418,500
Owner's Equity, 1/1/06....................210,000
Cash..............................................179,750
Distributions to owners during 2006....21,750
Supplies.............................................3,750
Land..............................................130,000
Net Income for 2006.......................479,500
Owners' Equity, 12/31/06.....................?

Accounts Payable..........................$ 62,500
Accounts Receivable........................123,000
Buildings.........................................418,500
Owner's Equity, 1/1/06.....................210,000
Cash.............................................. 179,750
Distributions to owners during 2006.....21,750
Supplies.......................................... ...3,750
Land............................................... 130,000
Mortgage payable............................ 479,000
Net Income for 2006.........................124,000
Owners' Equity, 12/31/06.....................?

Current Assets
Cash.............................................179,750
Accounts receivable........................123,000
supplies............................................3,750
Total Current Assets.......................306,500
PPE
Land..............................................130,000
Buildings........................................418,500
Total PPE........................................548,500
Total Assets....................................855,000

Current Liabilities
Accounts Payable.............................62,500

Stockholders equity
Beginning Bal 1/1/06........................210,000
Net Income....................479,500
less: Dist to owners..........21,750
Stockholders equity...........................667,750

You might be missing some numbers because it doesn't balance:
855,000-62,500-667,750=124,750