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900 The following items were taken from the financial statements Wyatt Company. (All dollars are in thousands.) Long-term debt $1,950 Accumulated depreciation $ 5,600 Prepaid
900 The following items were taken from the financial statements Wyatt Company. (All dollars are in thousands.) Long-term debt $1,950 Accumulated depreciation $ 5,600 Prepaid insurance Accounts payable 2,444 Equipment 14,300 Notes payable after 2016 1,024 Long-term investments 464 Common stock 10,000 Short-term investments 3,490 Retained earnings 5,800 Notes payable in 2016 474 Accounts receivable 1,734 Cash 4,648 Inventory 1,456 Patents 2015 net income was 1,000 and dividends paid were $700. Instructions Prepare a classified balance sheet in good form as of December 31, 2015. 600
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