2) The following items were taken from the financial statements of J. Ivanhoe Company on December 31, 2021. (All amounts are in thousands.)

Long-term debt		$ 980		Accumulated depreciationequipment		$ 5,545
Prepaid insurance		820		Accounts payable		1,314
Equipment		11,450		Notes payable (due after 2022)		280
Long-term investments		284		J. Ivanhoe, capital		12,705
Short-term investments		3,750		Accounts receivable		1,146
Notes payable (due in 2022)		500		Merchandise inventory		1,146
Cash		2,728

Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity.)

J. IVANHOE COMPANY Balance Sheet For the Year Ended December 31, 2021 (in thousands) Assets $ $ Liabilities and Owner's Equity $