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Exercise 4-16 The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment

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Exercise 4-16 The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term) 264 Common stock Debt investments (short-term) 3,690 Retained earnings Notes payable (due in 2020) 500 Accounts receivable Cash $1,000 Accumulated depreciation-equipment $5,655 880 Accounts payable 11,500 Notes payable (due after 2020) 400 10,000 2,955 2,668 Inventory 1,256 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.) D. Gygt Company Balance Sheet Assets Liabilities and Stockholders' Equity

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