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 $ 32,500 2,300 14,000 7,600 5, 300 8,600 36,000 1,600 13,000 9,000 3,300 Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets + Total current assets Plant assets $ 0 Total plant assets Total assets 0 0 Liabilities $ $ 0 Total assets Liabilities Current liabilities $ $ 0 Total current liabilities Long-term liabilities Total liabilities 0 + Equity Total equity Total liabilities and equity $ 0