Adams Company 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 Required: $6,700 Retained earnings 66,200 Notes payable (due in 9 years) 7,700 Office supplies $ 57,000 44,000 3,400 15,400 Land 36,000 17,000 Accumulated depreciation-Building 4,400 Mortgages payable (due in 5 years) 11,000 Cash 6,400 26,000 30,000 17,000 Prepare a classified balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Current assets Total current assets Plant assets ADAMS COMPANY Balance Sheet December 31 Assets