7 1.25 points QS 4-21 (Algo) Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Merchandise inventory $ 70,000 3,800 Land eBook 36,600 10,600 Hint Accounts payable. 6,800 Cash 11,600 Print Noten payable (due in 7 years) 66,000 References Common stock Wages payable office supplies Retained earnings Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 4,600 24,000 20,000 4,800 7,600 Current assets Cash Accounts receivable Merchandise inventory Office supplies Assets $ 11,600 3,800 10,600 4,600