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Question 5 of 5 -14 = View Policies Current Attempt in Progress The following items were taken from the financial statements of P. Cullumber Company

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Question 5 of 5 -14 = View Policies Current Attempt in Progress The following items were taken from the financial statements of P. Cullumber Company (All amounts are in thousands) $900 Long-term debt Prepaid insurance Equipment 730 Accumulated depreciation equipment $5,800 Accounts payable 1,500 Notes payable (due after 2021) 300 11.400 Stock investments (long term) 400 Owner's capital 14530 Debt investments (short-term) 4.100 Accounts receivable 1.700 400 Notes payable (due in 2021) Inventory 2.100 Cash 3,000 Prepare a classified balance sheet in good formas of December 31, 2020. (List Current Assets in order of liquidity Enter amounts in thousands.) P. CULLUMBER COMPANY Balance Sheet (in thousands) Assets uestion 5 of 5 -14 P. CULLUMBER COMPANY Balance Sheet (in thousands) Assets I Question 5 of 5 -14 Prepare a casshed balance sheet in good form as of December 31, 2020 (Last Current Assets in onder of liquidity Enter amounts in thousands) P. CULLUMBER COMPANY Balance Sheet (in thousands) Assets 5 > > Latities and Owner's Equity Question 5 of 5 14 Liabilities and Owner's Equity > $ > v > > Textbook and Me Ust Accounts

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