S 4-4 (Static) Computing net invoice amounts LO P1 Compute the amount to be paid for each of the four separate invoices assuming that all invoices are paid within the discount period Merchandise (gross) Terms Payment PL $ 5,000 2/10, n/60 b. $ 20,000 1/15, n/90 C. S 75,000 1/10/n/30 d. $ 10,000 3/15, n/45 QS 4-21 (Static) Preparing a classified balance sheet for a merchandiser LO P4 Clear Water Company reports the following balance sheet accounts as of December 31. Buildings $ 25,000 Accounts receivable 2,000 Land 15,000 Merchandise inventory 7,000 Accounts payable 5,000 Cash. 8,000 Notes payable (due in 7 years) 30,000 1,000 Common stock Wages payable 10,000 6,000 3,000 4,000 office supplies Retained earnings Accumulated Depreciation-Buildings Prepare a classified balance sheet. Clear Water Company Balance Sheet December 31 Assets Current assets Current assets Total current assets Plant assets Total plant assets Total assets Current liabilities Total current liabilities Inna torm lishilitinn Clear Water Company Balance Sheet December 31 Assets Liabilities Plant assets Total plant assets Total assets Liabilities Current liabilities Total current liabilities. Long-term liabilities Total liabilities Equity Total liabilities and equity