TB Problem 3-110 (Static) The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below Debits Credits Cash 22,500 Investments (long-term) Accounts receivable Allowance for uncollectible accounts Prepaid insurance Inventory Land 55,e00 , 7,500 4,500 10, 45,00e 140,e0e Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (unamortized balance) Accounts payable Notes payable, due 2022 Interest payable Bonds payable, due 2031 Common stock (no par), 20,eee shares authorized, issued, and outstanding Retained earnings se,eee 132,500 , 5,eee 37,5ee 65, eee 10, 120, 150, eee 64,500 534,500 534,500 Totals 1 LIBBY CORPORATION Balance Sheet At December 31, 2021 (S in thousands) 5 Assets points 0 Total current assets Property, plant, and equipment Net book value of building Net book balue of equipment Net Property, plant, and equipment C Intangibles Total assets S Net book balue of equipment 0 Net Property, plant, and equipment 0 1 Intangibles: Total assets 5 Liabilities and Shareholders' Equity points Current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity 0 Total shareholder's equity S 0 Total liabilities and shareholders' equity