Clear Water Company reports the following balance sheet accounts as of December 31. Prepare a classified balance sheet. \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ Clear Water Company } \\ \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ December 31} \\ \hline Current assets & & \\ \hline Cash & $,000 & \\ \hline Accounts receivable & 2,000 & \\ \hline Merchandise inventory & 7,000 & \\ \hline Prepaid insurance & & \\ \hline Office supplies & 1,000 & \\ \hline Total current assets & & \\ \hline Plant assets & & \\ \hline Buildings & 55,000 & \\ \hline Accumulated depreciation & 5,000 & \\ \hline \hline Land & & \\ \hline Total plant assets & & \\ \hline Total assets & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Liabilities } & \\ \hline Current liabilities & & \\ \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Long-term liabilities & & \\ \hline Total liabilities & \\ \hline & \\ \hline & & \\ \hline & & \\ \hline Total equity & & \\ \hline Total liabilities and equity & \\ \hline \hline \end{tabular}