Adams Company reports the following balance sheet accounts as of December 31. Salaries payable Buildings Prepaid rent $ 6,000 Retained earnings Merchandise inventory Accounts payable Prepaid insurance Accounts receivable Common stock Required: Prepare a classified balance sheet. Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Long-term liabilities Total long-term liabilities Total liabilities Total equity Total liabilities and equity $ 50,000 55,000 Notes payable (due in 9 years) 7,000 Office supplies 14,000 Land 30,000 2,000 22,000 10,000 Accumulated depreciation-Building 3,000 Mortgages payable (due in 5 years) 4,000 Cash 5,000 12,000 16,000 10,000 ADAMS COMPANY Balance Sheet December 31 Assets $ 0 0 0 $ 0 Liabilities 0 0 0 Equity 0 $ 0