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