E4-16 The following items were taken from the financial statements of R. Stevens Company. Prepare a classified balance

(All dollars are in thousands.) sheet.

Long-term debt $ 943 Accumulated depreciation $ 5,655 Prepaid expenses 880 Accounts payable 1,444 Property, plant, and equipment 11,500 Notes payable after 2009 368 Long-term investments 264 Common stock 10,000 Short-term investments 3,690 Retained earnings 3,063 Notes payable in 2009 481 Accounts receivable 1,696 Cash 2,668 Inventories 1,256 Instructions Prepare a classified balance sheet in good form as of December 31,2008.