QUESTION 7 A and C Inc. reports the following balance sheet accounts as of December 31, 2020. Prepare a classified balance sheet. Notes receivable Accounts payable Common stock Allowance for doubtful accounts Cash Land held for future expansion Equipment Accounts receivable Interest payable Inventory Building Retained earnings Accumulated depreciation-equipment Salaries payable Supplies Notes payable 3,000 3,500 5,300 450 7,000 1,500 2,000 5,000 2,000 5,000 30,000 14,050 700 4,500 2,500 25,500