Exercise 4-16 The following items were taken from the financial statements of Marin Company. (All amounts are in thousands.) Long-term debt 982 Accumulated depreciation-equip. 4,557 Prepaid insurance 2,562 Accounts payable 1,800 Equipment 11,754 Notes payable (due after 2018) 828 Long-term investments 1,307 Share capital-ordinary 12,617 Short-term investments 3,292 Retained earnings 4,144 Notes payable (due in 2018) 583 Accounts receivable 1,806 Cash 2,879 Inventory 1,911 Prepare a classified statement of financial position in good form as of December 31, 2017. (List current assets in the reverse order of liquidity.) MARIN COMPANY Statement of Financial Position (in thousands) Assets Equity and Liabilities