From the following, prepare a classified balance sheet for Bach Crawlers as of December 31, 2017. Ending merchandise inventory was $6,100 for the year. Cash Prepaid rent Prepaid insurance office equipment (net) $ 8, 100 2,650 6, 100 7,100 Accounts payable Salaries payable Note payable (long term) P. Bach, capital* $ 2,850 2,650 10, 100 14,450 *What the owner supplies to the business. Replaces common stock and retained earnings section. BACH CRAWLERS Balance Sheet December 31, 2017 Assets Liabilities Current assets: Current liabilities: Total current liabilities Total current assets Long-term liabilities Total liabilities Owner's Equity Plant and equipment Total liabilities and owner's equity Total assets