Clear Water Co. reports the following balance sheet accounts as of December 31 $55,000 3,200 23,000 Duildings Accounts receivable Land Merchandise inventory Accounts payable Cash Mote payable (dor in 7 years) ortion applies Connon tock Retained earning Wages payable 6,260 10,400 56,000 3.400 22.000 10,000 4.200 Required: Prepare a classified balance sheet Clear Water Co. Balance Sheet December 31 Assets Current assets Accounts receivable Merchandise inventory Cash Office Supplies $ 0 Total current assets Plant assets Buldings Land 0 Total plant assets Total stats 0 Liabilities Current abies Accounts payable Wages payable Total current labis Long term anties Notes payable Total liabilities Equity Total equity Total abs and equity