Following is a partial set of accounts as of December 31.

Equipment $ 27,500

Accounts receivable 2,100

Land 16,200

Merchandise inventory 7,200

Accounts payable 5,100

Cash 8,200

Notes payable (due in 1 year) 32,000

Prepaid insurance 1,200

Salaries payable 3,100

Accumulated DepreciationEquipment 4,200

Prepare the assets section of a classified balance sheet.

Following is a partial set of accounts as of December 31 . Prepare the assets section of a classified balance sheet