Clear Water Co. reports the following balance sheet accounts as of December 31. 56 Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0. Water, Capital Wages payable $ 60,000 3,400 25,000 9,800 6,400 10,800 58,000 3,800 44,000 4,400 Required: Prepare a classified balance sheet. es Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets n Clear Water Co. Balance Sheet December 31 Assets Current assets 9:47 ed ok Total current assets '$ 0 + Plant assets t nces 0 Total plant assets Total assets $ 0 Liabilities Current liabilities 0 Total current liabilities Long-term liabilities ***** Total current assets $ 0 Plant assets Total plant assets Total assets 0 0 $ Liabilities Current liabilities $ Total current liabilities Long-term liabilities Total liabilities 0 Equity Total liabilities and equity $