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12 points 00:49:23 eBook The December 31, 2021, post closing trial balance ($ in thousands for Libby Corporation is presented below. Debits Credits Cash 32,000

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12 points 00:49:23 eBook The December 31, 2021, post closing trial balance ($ in thousands for Libby Corporation is presented below. Debits Credits Cash 32,000 Investments (tong-tera) 74,000 Accounts receivable 49,640 Allowance for uncollectible accounts 10,000 Prepaid insurance 8,500 Inventory 195,000 Land 64,000 Buildings 235,000 Accumulated depreciation- buildings 69,000 Equipment 161,000 Accumulated depreciation 49,000 equipment Patents (unanortized balance) 9,000 Accounts payable 47,000 Notes payable, due 2022 84,000 Interest payable 19,500 Bonds payable, due 2831 215,000 Common stock (no par), 34,000 shares authorized, issued, and 272,000 outstanding Retained earnings 62,000 Totals 827,500 827,500 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of their liquidity, Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars) LIBBY CORPORATION Balance Sheet At December 31, 2021 (5 in thousands) Assets Total current assets Property, plant, and equipment Net book value of building 0 O Net book bolue of equipment Net Property, plant, and equipment Total assets Liabilities and Shareholders' Equity 272.ee 12 Connon stock tno par). 34.000 Shares authorized, issued, and outstanding Retained earnings Totals 62.000 827.500 827.500 Required Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of 00:49:20 their liquidity, Negative amounts should be entered by a minus sign. Enter your swers in thousands of dollars.) LIBBY CORPORATION Balance Sheet ebook Al December 31, 2021 in thousands Assets Total current Proper plant and equipment Net Book of building 0 Netbook blue comen! Net Property, plant and equipment 100 Labies and Shareholders' Equity Current Tot current Long Hai Tot Shareholders guilty To Shareholders Yotales and shareholders equity

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