LaGuardia Community College Intermediate Accounting Pr D The December 31, 2018, post-closing trial balance (S in thousands) for Libby Corporation is presented below Credits Debits 22.500 55,000 30,000 Cash Investments (long-term) Accounts receivable 7.500 Allowance for uncollectible accounts Prepaid insurance Inventories Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (unamortized balance) 4.500 100,000 45,000 140,000 50,000 132,500 30,000 5,000 37,500 65,000 10,000 120,000 Accounts payable Notes payable, due 2019 Interest payable Bonds payable, due 2028 Common stock, no par, 20,000 shares 150,000 authorized, issued, and outstanding Retained earnings 64.500 34,500 534,500 Totals Required: Prepare a classified balance sheet for Libby Corporation at December 31,2018