Adams Company reports the following balance sheet accounts as of December 31. 19 Salaries payable Buildings Prepaid rent Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock $ 7,800 Retained earnings 83,800 Notes payable (due in 9 years) 8,800 Office supplies 17,600 Land 28,000 Accumulated depreciation-Building 6,600 Mortgages payable (due in 5 years) 22,000 Cash 26,000 $ 70,000 66,000 5,600 58,000 8,600 48,000 52,000 2 02:00:17 Required: Prepare a classified balance sheet. ADAMS COMPANY Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total current assets 19 Plant assets 2 01:59:59 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