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TB Problem 3-110 (Algo) The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debito Credits Cash 32,000 Investments

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TB Problem 3-110 (Algo) The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debito Credits Cash 32,000 Investments (long-term) 74,000 Accounts receivable 49,000 Allowance for uncollectible accounts 10,000 Prepaid insurance 8,500 Inventory 195,000 Land 64,000 Buildings 235,000 Nacumulated depreciation-buildings 69,000 Equipment 161,000 Accumulated depreciation equipment 49,000 Patents (unamortized balance) 9,000 Accounts payable 47,000 Notes payable, due 2022 84,000 Interest payable 19,500 Bonds payable, due 2031 215,000 Common stock (no par), 34,000 shares authorized, ionued, and outstanding 272,000 Retained earnings 62,000 Totals 827,500 827,500 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of their liquidi Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars.) LIBBY CORPORATION At December 31, 2021 ($ in thousands) Assets 0 Total current assets 0 Property, plant, and equipment Net book value of building 0 0 Net book balue of equipment Net Property, plant, and equipment 0 Total assets $ 0 Liabilities and Shareholders' Equity Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities Total current liabilities Long-term liabilities 0 Total liabilities 0 Shareholders' equity Total shareholder's equity Total liabilities and shareholders' equity 0 $ 0

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