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CAN SOMEONE TELL ME WHAT I'M MISSING PLEASE? Problem 3-2 (Static) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken from
CAN SOMEONE TELL ME WHAT I'M MISSING PLEASE?
Problem 3-2 (Static) Balance sheet preparation; missing elements (LO3-2, 3-3) The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Determine the missing amounts. (Enter the answers in thousands of dollars.) Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings ($ in 000s) $ 239,186 353,700 504,944 413,838 83,259 1,594,927 110,800 621,040 2,326,767 31,116 59,072 421,772 181,604 693,564 262,576 956,140 370,627 1,000,000 Prepare Trident's classified balance sheet. (Enter the answers in thousands of dollars.) TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expense $ 239,186 353,700 504,944 413,838 83,259 1,594,927 Total current assets Investments: Property, plant, and equipment: $ 1,594,927 Total assets Liabilities and Shareholders' Equity Current liabilities: Notes payable Accounts payable Accrued liabilities Other current liabilities $ 31,116 59,072 421,772 181,604 693,564 Total current liabilities Long-term liabilities: Long-term debt Total liabilities Shareholders' equity: 262,576 956,140 0 Total shareholders' equity Total liabilities and shareholders' equity $ 956,140Step by Step Solution
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