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 $ 30,000 2,200 13,000 7,400 5,200 8,400 34,000 1,400 20,000 3,200 Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets $ 0 Plant assets 0 Total plant assets Total assets $ 0 Liabilities Current liabilities $ 0 Total current liabilities Long-term liabilities