Buildings $ 27,500 Accounts receivable 2,100 Land 16,200 Merchandise inventory 7,200 Accounts payable 5,100 Cash 8,200...

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Buildings $ 27,500 Accounts receivable 2,100 Land 16,200 Merchandise inventory 7,200 Accounts payable 5,100 Cash 8,200 Notes payable (due in 7 years) 32,000 Office supplies 1,200 Common stock 7,000 Retained earnings 11,000 Wages payable 3,100 4,200 Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities December 31 Assets Liabilities Buildings $ 27,500 Accounts receivable 2,100 Land 16,200 Merchandise inventory 7,200 Accounts payable 5,100 Cash 8,200 Notes payable (due in 7 years) 32,000 Office supplies 1,200 Common stock 7,000 Retained earnings 11,000 Wages payable 3,100 4,200 Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities December 31 Assets Liabilities