Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 7,100
Retained earnings $ 61,000
Buildings 72,600
Notes payable (due in 9 years) 52,000
Prepaid rent 8,100
Office supplies 4,200
Merchandise inventory 16,200
Land 44,000
Accounts payable 21,000
Accumulated depreciation-Building 7,200
Prepaid insurance 5,200
Mortgages payable (due in 5 years) 34,000
Accounts receivable 15,000
Cash 38,000
Common stock 21,000
Required:
Prepare a classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.)