QS 4-13 Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Co. reports the following balance sheet accounts as of December 31. ook Ruildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) office supplies Common stock Retained earnings Wages payable $ 25,000 2,000 11,000 7.000 5,000 8,000 30,000 1,000 10,000 6.000 3,000 nces Required: Prepare a classified balance sheet. Clear Water Co. Balance Sheet December 31 Assets Current assets Total current assets 0 5 Current assets 2 points $ 0 Total current assets Plant assets eBook Hint 0 Total plant assets Total assets $ References Lin Current liabilities $ 0 Total current liabilities Long-term liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0