\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ ADAMS COMPANY } \\ \hline \multicolumn{3}{|c|}{ Balance Sheet } \\ \hline \multicolumn{3}{|c|}{ December 31} \\ \hline \multicolumn{3}{|c|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets } \\ \hline \multicolumn{3}{|l|}{ Cash } \\ \hline \multicolumn{3}{|l|}{ Accounts receivable } \\ \hline \multicolumn{3}{|l|}{ Merchandise inventory } \\ \hline \multicolumn{3}{|l|}{ Prepaid rent } \\ \hline \multicolumn{3}{|l|}{ Prepaid insurance } \\ \hline \multicolumn{3}{|l|}{ Office supplies } \\ \hline Total current assets & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Plant assets } \\ \hline \multicolumn{3}{|l|}{ Buildings } \\ \hline Accumulated depreciation-Buildings & & 0 \\ \hline \multicolumn{3}{|l|}{ Land } \\ \hline Total plant assets & & 0 \\ \hline Total assets & $ & 0 \\ \hline \multicolumn{3}{|c|}{ Liabilities } \\ \hline \multicolumn{3}{|l|}{ Current liabilities } \\ \hline \multicolumn{3}{|l|}{ Salaries payable } \\ \hline \multicolumn{3}{|l|}{ Accounts payable } \\ \hline Total current liabilities & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Long-term liabilities } \\ \hline Notes payable & & \\ \hline \end{tabular} Required: Prepare a classified balance sheet