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 Common stock Retained earnings Wages payable $ 45,000 2,800 19,000 8,600 5,800 9,600 46,000 2,600 18,000 14,000 3,800 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 Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities