Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $59,000 Buildings 48,000 Prepaid rent Merchandise inventory Accounts payable 3,800 40,000 $ 6,900 Retained earnings 69,400 Notes payable (due in 9 years) 7,900 office supplies 15,800 Land 19,000 Accumulated depreciation- Building 4,800 Mortgages payable (due in 5 years) 13,000 Cash 19,000 6,800 Prepaid insurance 30,000 34,000 Accounts receivable Common stock Required: Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) ADAMS CO. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets $ Liabilities Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Equity Total equity Total liabilities and equity $ 0