Adams Company reports the following balance sheet accounts as of December 31. Salaries payable Merchandise inventory Buildings Prepaid rent Accounts payable Prepaid insurance $ 7,900 Retained earnings 85,400 Notes payable (due in 9 years) 8,900 Office supplies 17,800 Land 29,000 Accumulated depreciation-Building 6,800 Mortgages payable (due in 5 years) 23,000 Cash Accounts receivable. Common stock Required: Prepare a classified balance sheet. 28,000 $ 70,000 68,000 5,800 60,000 8,800 50,000 54,000