Clear Water Co. reports the following balance sheet accounts as of December 31 Building Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable due in 7 years) office supplies Common stock Retained earnings Wages payable 5.55.000 3,200 23,000 9.400 6.200 10,400 54,000 3,400 22.000 18,000 Required: Prepare a classified balance sheet Clear Water Co. Balance Sheet December 31 Assets Current assets 0 Total current assets Plant assets 0 Total plant assets Total assets 0 Liabilities Curren labies O Totalcabides Long-term Babies Total liabilities 0 Equity Total equity Total labies and equity