Adams Co. reports the following balance sheet accounts as of December 31. Prepare a classified balance sheet.

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Salaries payable. Buildings..... Prepaid rent . $ 6,000 $60,000 D. Adams, Capital .. Notes payable (due in 9 years). Office supplies... Land...... 55,000 30,000 7,000 2,000 Merchandise inventory. Accounts payable. 14,000 22,000 Accumulated depreciation-Building. Mortgages payable (due in 5 years). Cash.... 10,000 5,000 3,000 4,000 Prepaid insurance. 12,000 Accounts receivable.. 16,000