Exercise 12-9 (Algo) Preparing a partnership balance sheet P2 Selected accounts from the Pearson, Gomez, and Litt Partnership adjusted trial balance for the year ended December 31 follow. Prepare a classified balance sheet. \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ PEARSON, GOMEZ, AND LITT PARTNERSHIP } \\ \hline \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline December 31 & \\ \hline Assets & \\ \hline Current assets & \\ \hline & \\ \hline & \\ \hline Total current assets & \\ \hline Plant assets & \\ \hline & \\ \hline & \\ \hline Total assets & \\ \hline & \\ \hline Current liabilities & \\ \hline & \\ \hline Liabilities & \\ \hline Total equity & \\ \hline Total liabilities and equity & \\ \hline \end{tabular}