Required: Prepare a classified balance sheet. Adams Company reports the following balance sheet accounts as of December 31 . \begin{tabular}{|l|l|l|} \hline Current liabilities & & \\ \hline & & \\ \hline & & \\ \hline Total current liabilities & & \\ \hline Long-term liabilities & & \\ \hline & & \\ \hline Total long-term liabilities & & \\ \hline Total liabilities & & \\ \hline & & \\ \hline & & \\ \hline & Equity & \\ \hline Total equity & & \\ \hline Total liabilities and equity & & \\ \hline \end{tabular}