As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant Henderson Manufacturing Company Balance Sheet December 31, 2024 ($ in 000s) Assets Current assets Cash $ 1,250 Accounts receivable 3,750 Allowance for uncollectible accounts (600) Finished goods inventory 7,000 Prepaid expenses 3,400 Total current assets 14,800 Long term assets Investments 3,000 Raw materials and work in process inventory 3,900 Equipment 19,500 Accumulated depreciationequipment (9,000) Franchise question mark Total assets $ question mark Liabilities and Shareholders Equity Current liabilities Accounts payable $ 7,200 Notes payable 8,000 Interest payablenote 400 Deferred revenue 2,400 Total current liabilities 18,000 Long term liabilities Bonds payable 7,000 Interest payablebonds 200 Shareholders equity Common stock $ question mark Retained earnings question mark question mark Total liabilities and shareholders equity question mark Additional information ($ in 000s) Certain records that included the account balances for the franchise and shareholders equity items were lost However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1 5 That is, total liabilities are 150 of total shareholders equity Retained earnings at the beginning of the year was $3,200 Net income for 2024 was $2,300, and $1,000 in cash dividends were declared and paid to shareholders The investments represent treasury bills purchased in December 2024 that mature in January 2025 These are considered cash equivalents Interest on both the notes and the bonds is payable annually The notes payable account contains one note that is due in annual installments of $800 for each payment due Deferred revenue will be recognized equally over the next 18 months The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding Required Prepare a complete, corrected, classified balance sheet Note Do not round your intermediate calculations Enter your answers in the order of their liquidity Amounts to be deducted should be indicated by a minus sign Enter your answers in thousands of dollars

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As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant. Henderson Manufacturing Company Balance Sheet

As controller for Henderson, you are attempting to reconstruct and revise the following balance sheet prepared by a staff accountant.

Henderson Manufacturing Company
Balance Sheet
December 31, 2024
($ in 000s)
Assets
Current assets:
Cash		$ 1,250
Accounts receivable		3,750
Allowance for uncollectible accounts		(600)
Finished goods inventory		7,000
Prepaid expenses		3,400
Total current assets		14,800
Long-term assets:
Investments		3,000
Raw materials and work in process inventory		3,900
Equipment		19,500
Accumulated depreciationequipment		(9,000)
Franchise		?question mark
Total assets		$ ?question mark
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable		$ 7,200
Notes payable		8,000
Interest payablenote		400
Deferred revenue		2,400
Total current liabilities		18,000
Long-term liabilities:
Bonds payable		7,000
Interest payablebonds		200
Shareholders equity:
Common stock	$ ?question mark
Retained earnings	?question mark	?question mark
Total liabilities and shareholders equity		?question mark

Additional information ($ in 000s):

Certain records that included the account balances for the franchise and shareholders equity items were lost. However, a complete, preliminary balance sheet prepared before the records were lost showed a debt to equity ratio of 1.5. That is, total liabilities are 150% of total shareholders equity. Retained earnings at the beginning of the year was $3,200. Net income for 2024 was $2,300, and $1,000 in cash dividends were declared and paid to shareholders.
The investments represent treasury bills purchased in December 2024 that mature in January 2025. These are considered cash equivalents.
Interest on both the notes and the bonds is payable annually.
The notes payable account contains one note that is due in annual installments of $800 for each payment due.
Deferred revenue will be recognized equally over the next 18 months.
The common stock represents 500,000 shares of no par stock authorized, of which 300,000 shares are issued and outstanding.

Required:

Prepare a complete, corrected, classified balance sheet.

Note: Do not round your intermediate calculations. Enter your answers in the order of their liquidity. Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.