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 $ 7,500 Retained earnings 79,000 Notes payable (due in 9 years) 8,500 Office supplies 17,000 Land 25,000 Accumulated depreciation-Building 6,000 Mortgages payable (due in 5 years) 19,000 Cash 20,000 $ 70,000 60,000 5,000 52,000 8,000 42,000 46,000 ADAMS COMPANY Balance Sheet December 31 Assets Current assets Total current assets Plant assets $ 0 Total plant assets Total assets 0 olo Liabilities Current liabilities Total current liabilities $ 0 Long-term liabilities 0 Total long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0