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Q2) The following items were taken from the financial statements of Panda Hypermarket Company. (All dollars are in thousands.) Common stock $2,826 Prepaid expenses

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Q2) The following items were taken from the financial statements of Panda Hypermarket Company. (All dollars are in thousands.) Common stock $2,826 Prepaid expenses 1,366 Equipment 6,705 Cash $1,728 Accumulated depreciation equipment 3,547 Accounts payable 1,344 Retained earnings 6,896 Investments- Long term 2,847 Note payable - Long term 810 Investments Short-term 1,743 Income taxes payable 243 Accounts receivable 1,277 Instructions Prepare a classified balance sheet in good form as of December 31, 2009 Q1) find the total current assets: a. 6,114. b. 4,371. c. 4,837. d. 4,748. Q2) find the total of property, plant, and equipment e. 6,705. 3,158. g. 3,858. h. 5,535. Q3) Long term Assets: e. 3,750. 2,750. g. 2,847. h. 3,500. Q4) Total Assets: e. 13,119. f. 12,590. g. 13,590. h. 12,119. Q5) Total current liability:

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