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Problem 3-2 (Static) Balance sheet preparation; missing elements (LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December
Problem 3-2 (Static) Balance sheet preparation; missing elements (LO3-2, 3-3] The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) (s in 000s) $ 239,186 353,700 504,944 83,259 1,594,927 110,800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 31,116 421,772 181,604 693,564 956,140 370,627 1,000,000 TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current assets: Total current assets Investments: Property, plant, and equipment: $ Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Shareholders' equity: 0 Total shareholders' equity Total liabilities and shareholders' equity Oo $
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