Given the following balances for Claire Company, prepare a classified balance sheet dated December 31, 20X4.

Long-term Note Payable $12,900

Accounts Receivable 5,100

Accounts Payable 4,700

Additional Paid-in Capital 14,000

Prepaid Insurance 600

Wages Payable 4,000

Accumulated Depreciation 8,300

Capital Stock 4,000

Inventory 7,100

Interest Payable 1,100

Retained Earnings 21,400

Equipment 51,800

Cash 5,800