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D $1,080 The following items were taken from the financial statements of J. Cullumber Company on December 31, 2021. (All amounts are in thousands Long-term

D $1,080 The following items were taken from the financial statements of J. Cullumber Company on December 31, 2021. (All amounts are in thousands Long-term debt Accumulated depreciation-equipment $5,675 Prepaid insurance 910 Accounts payable 1.554 Equipment 11.550 Notes payable (due after 2022) 360 Long-term investments 374 J. Cullumber, capital 12.365 Short-term investments 3.660 Accounts receivable 1,196 Notes payable (due in 2022) 400 Merchandise inventory 1.196 Cash 2.548 Prepare a classifed balance sheet in good form as at December 31.2021 Last Current Assets in order of liquidity) J.CULLUMBER COMPANY Balance Sheet (in thousands)

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