Question
Lawn Corporation reports the following selected accounts (in thousands) at December 31, 2021: Accounts payable $2,500 Income tax receivable $126 Accounts receivable, gross 1,990 Interest
Lawn Corporation reports the following selected accounts (in thousands) at December 31, 2021: Accounts payable $2,500 Income tax receivable $126 Accounts receivable, gross 1,990 Interest revenue 136 Accumulated depreciationbuildings 1,230 Inventory 2,440 Accumulated depreciationequipment 620 Land 1,320 Allowance for doubtful accounts 53 Notes receivable (current) 3,130 Bad debts expense 179 Notes receivable (non-current) 126 Buildings 3,340 Sales 15,860 Cash 700 Supplies 116 Cost of goods sold 12,160 Trading investments 252 Equipment 820 Prepare the assets section of Lawns statement of financial position.
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