Current Attempt in Progress The following items were taken from the financial statements of J. Pharoah Company on December 31, 2021. (All amounts are in thousands.) Long-term debt $920 Accumulated depreciation-equipment $5,555 Prepaid insurance 920 Accounts payable 1,454 Equipment 11,470 Notes payable (due after 2022) 500 Long-term investments 384 J. Pharoah, capital 12,645 Short-term investments 3,770 Accounts receivable 1,206 Notes payable (due in 2022) 420 Merchandise inventory 1,206 Cash 2,538 Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity.) J. PHAROAH COMPANY Balance Sheet (in thousands) Assets $ $ $ $ Liabilities and Owner's Equity