Exercise 4-16 The following items were taken from the financial statements of Sarasota Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2020) Cash $900 Accumulated depreciation equipment $5,500 910 Accounts payable 1,800 11,800 Notes payable (due after 2020) 300 200 Common stock 10,455 3,500 Retained earnings 2,955 500 Accounts receivable 1,800 2,100 Inventory 2,100 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order Sarasota Company Balance Sheet Assets $ $