Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable $ 72,500 3,900 Land 30,000 Merchandise inventory 10,800 Accounts payable 6,900 Cash 11,900 Notes payable (due in 7 years) 68,000 office supplies 4,800 Common stock 29,000 Retained earnings 25,000 Wages payable 4,900 Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Equity