Following is a partial set of accounts as of December 31. Equipment Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 1 year) Prepaid insurance Salaries payable Accumulated Depreciation-Equipment $47,500 2,900 25,800 8,800 5,900 9,800 48,000 2,800 3,900 5,800 Prepare the assets section of classified balance sheet. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Balance Sheet-Assets Section Only } \\ \hline \multicolumn{1}{|c|}{ December 31 } \\ \hline & Assets & \\ \hline Current assets & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant assets & & \\ \hline & & \\ \hline & & \\ \hline Total plant assets & & \\ \hline \end{tabular}