Clear Water Co. reports the following balance sheet accounts as of December 3 Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) Office supplies 0.Water, Capital Wages payable $ 70,000 3,800 29,000 10,600 6,800 11,600 66,000 4,600 52,000 4,800 Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets $ 0 Plant assets Total current assets $ 0 Plant assets 0 Total plant assets Total assets $ 0 Liabilities Current liabilities $ 0 Total current liabilities Long-term liabilities Total liabilities 0 Equity Total liabilities and equity $