Clear Water Co. reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0.Water, Capital Wages payable $ 65,000 3,600 27,000 10,200 6,600 11,200 62,000 4,200 48,000 4,600 Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities Total current liabilities Long-term liabilities Total liabilities Equity Total liabilities and equity