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The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet.

Complete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2

Determine the missing amounts. (Enter the answers in thousands of dollars.)

($ in 000s)
Cash and cash equivalents $255,286
Short-term investments 370,700
Accounts receivable 521,944
Inventory
Prepaid expenses (current) 100,259
Total current assets 1,764,927
Long-term receivables 127,800
Equipment (net)
Total assets
Notes payable (current) 48,116
Accounts payable
Accrued liabilities 438,772
Other current liabilities 198,604
Total current liabilities 710,564
Long-term debt
Total liabilities 1,126,140
Common stock 540,627
Retained earnings 1,000,000

Complete this question by entering your answers in the tabs below.

  • Required 1
  • Required 2

Prepare Trident's classified balance sheet. (Enter the answers in thousands of dollars.)

TRIDENT CORPORATION
Balance Sheet ($ in 000s)
At December 31, 2021
Assets
Current assets:
Total current assets 0
Investments:
Property, plant, and equipment
Total assets $0
Liabilities and Shareholders' Equity
Current liabilities:
Total current liabilities 0
Long-term liabilities:
Total liabilities 0
Shareholders equity
Total shareholders equity 0
Total liabilities and shareholders equity $0

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