QS 4-21 (Algo) Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Company reports the following balance sheet accounts as of December 31. Buildings Accounts receivable Land Merchandise inventory Accounts payable Cash Notes payable (due in 7 years) office supplies Common stock Retained earnings Wages payable Accumulated Depreciation-Buildings Prepare a classified balance sheet $ 32, see 2,300 18,600 7,600 5,300 8,600 36,000 1,600 9,000 13,000 3,300 4,600 Clear Water Company Balance Sheet December 31 Assets Current assets Total current assets Plant assets December 31 Assets Current assets Total current assets Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities Long-term liabilities Total liabilities Equity Total liabilities and equity Exercise 4.17 (Algo) Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related information Sales, gross $ 300,000 Sales returns and allowances $ 23,000 Sales discounts 6,000 Sales salaries expense 12,000 Prepare the net sales portion only of this company's multiple-step income statement Multiple Step Income Statement (Partial) 0 Net sales es