Use the following information to prepare a classified balance sheet for Blackmon Co. at the end of 2014:

Accounts receivable	$42,370
Accounts payable	6,255
Cash	17,500
Common stock	42,000
Long-term notes payable	20,750
Merchandise inventory	30,325
Office equipment	25,680
Retained earnings	51,715
Prepaid insurance	4,845

BLACKMON CO Classified Balance Sheet As of December 31, 2014 Assets Current assets Total current assets Property, plant and equipment Total property, plant and equipment Total assets Liabilities Current liabilities Long-term liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity S 0 0 0