Exercise $4-19($Algo$)$ Preparing a classified balance sheet for a merchandiser LO P$4$

Adams Company reports the following balance sheet accounts as of December $31.$

$\backslash$table$[[$Salaries payable,$$6,700,$Retained earnings,$50,000],[$Buildings$,66,200$ Notes payable $($due in $9$ years$),44,000,],[$Prepaid rent,$7,700$ Office supplies,$3,400,],[$Merchandise inventory,$15,400$ Land,$17,000$ Accumulated depreciation$-$Building,$36,000],[$Accounts payable,$4,400$ Mortgages payable $($due in $5$ years$),6,400,],[$Prepaid insurance,$11,000,26,000,],[$Accounts receivable,$24,000,,30,000],[$Common stock,,,$]]$

Required: $$

Prepare a classified balance sheet.

$\backslash$table$[[$ADAMS COMPANY$],[$Balance Sheet$],[$December $31],[$Assets$],[$Current assets$],[?,,],[?,,],[?,,],[?,,],[,,],[?,,],[,,],[$Total current assets,,$$0$