Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock $ 7,100 Retained earnings 72,600 Notes payable (due in 9 years) 8,100 office supplies 16,200 Land 21,000 Accumulated depreciation-Building 5,200 Mortgages payable (due in 5 years) 15,000 Cash 21,000 $ 61,000 52,000 4,200 44,000 7,200 34,000 38,000 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 0 Total current assets Plant assets 0 Total plant assets Total assets $ 0 Liabilities Current liabilities $ Total current liabilities Long-term liabilities 0 Total long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity