Clear Water Co. reports the following balance sheet accounts as of December 31. Prepare a classified balance sheet.

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Buildings... Accounts receivable. Land..... Merchandise inventory. Accounts payable. $ 8,000 30,000 1,000 16,000 3,000 Cash $25,000 2,000 11,000 7,000 5,000 Notes payable (due in 7 years) Office supplies . O. Water, Capital.. Wages payable..