7 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. 14.32 points Land Buildings $ 30,000 Accounts receivable. 2,200 17,400 Merchandise inventory 7,400 Accounts payable 5,200 Cash 8,400 eBook Notes payable (due in 7 years) 34,000 Office supplies 1,400 Common stock 8,000 Retained earnings 12,000 Hint Wages payable 3,200 Accumulated Depreciation-Buildings 4,400 Prepare a classified balance sheet. References Clear Water Company Current assets Total current assets Plant assets Total plant assets Total assets Balance Sheet December 31 Assets $ 0 0