Prepare a classified balance sheet for Tucson Company for the year ended December 31 using the following data. (Amounts to be deducted should be indicated by a minus sign.) Common stock Cash $ 1,000 22,800 Land 39,000 Retained earnings 14,000 Accounts receivable 5,800 Paid-in capital in excess of par value, common stock Notes payable (due in 5 years) 17,000 12,800 Preferred stock 8,000 Salaries payable 7,800 Accounts payable 11,000 Treasury stock 6,000 Paid-in capital in excess of par value, preferred stock 2,000 Current assets Total current assets Plant assets Total assets TUCSON COMPANY Balance Sheet December 31 Assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity Equity