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 $ 6,500 Retained earnings 63,000 Notes payable (due in 9 years) 7,500 Office supplies 15,000 Land 15,000 Accumulated depreciation-Building 4,000 Mortgages payable (due in 5 years) 9,000 Cash 15,000 $ 55,000 40,000 3,000 32,000 6,000 22,000 26,000 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 Total current assets $ 0 Plant assets 0 Total plant assets Total assets $ 0 Liabilities Current liabilities $ 0 Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0