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+ Module 3 Quiz Question 2 of 2 - / 27 III View Policies Current Attempt in Progress The following accounts and amounts (in thousands)

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+ Module 3 Quiz Question 2 of 2 - / 27 III View Policies Current Attempt in Progress The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Martinez Instruments, Inc. Common shares $2.900 Cash $1,015 Prepaid insurance 910 Accumulated depreciation equipment 4,045 Equipment 9,320 Accounts payable 1,425 Salaries payable 170 Mortgage payable (due 2028) 1.125 Inventory 2.075 Retained earnings 6,095 Trading investments 1,510 Accounts receivable 980 Income tax payable 50 Prepare a classified statement of financial position as at December 31, 2022. (List Current Assets in order of liquidity.) MARTINEZ INSTRUMENTS INC. Statement of Financial Position (in thousands) Assets $ Assets $ $ Liabilities and Shareholders' Equity $

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