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Question 3: (10 marks) The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) Long-term debt Prepaid

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Question 3: (10 marks) The following items were taken from the financial statements of N. Richman Company. (All dollars are in thousands.) Long-term debt Prepaid expenses Property, plant, and equipment Long-term investments Short-term investments Notes payable in 2011 Cash S 1,443 Accumulated depreciation 3,65 880 11,500 764 3,690 981 3,168 Accounts payable Notes payable after 2011 N. Richman, Capital 1,444 368 15,563 1,696 1,756 Instructions Prepare a classified balance sheet in good form as of December 31, 2010

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