5 17 points Adams Company reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable $ 7,400 D. Adams, Capital 77,400 Notes payable (due in 9 years) 8,400 Office supplies $ 88,000 58,000 4,800 16,800 Land 50,000 24,000 Accumulated depreciation-Building 7,800 5,800 Mortgages payable (due in 5 years) 18,000 Cash 40,000 44,000 eBook t Required: Prepare a classified balance sheet. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Total equity Total liabilities and equity ADAMS COMPANY Balance Sheet December 31 Assets $ 0 0 0 $ 0 Liabilities Equity $ 0 0 0 0 10 $ 0