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 $ 8,000 Retained earnings 87,000 Notes payable (due in 9 years) 9,000 Office supplies 18,000 Land 30,000 Accumulated depreciation-Building 7,000 Mortgages payable (due in 5 years) 24,000 Cash 30,000 $ 70,000 70,000 6,000 62,000 9,000 52,000 56,000 ADAMS COMPANY Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities 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