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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.
($ in 000s) Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities $ 245,286 360,700 511,944 456,738 90,259 1,664,927 117,800 38,116 428,772 188,604 700,564 1,026,140 Common stock 440,627 1,000,000 Retained earnings TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current assets Total current assets C Investments Property, plant, and equipment 0 Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities C Long-term liabilities: Total liabilities C Shareholders' equity Total shareholders' equity 0 Total liabilities and shareholders' equity 0Step by Step Solution
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