The December $31,2024,$ post$-$closing trial balance $($$ in thousands$)$ for Libby Corporation is presented below: The December $31,2024,$ post$-$closing trial balance $($ $ in thousands$)$ for Libby Corporation is presented below: Required:

Prepare a classified balance sheet for Libby Corporation on December $31,2024.$

Note: Enter your answers In the order of thelr llquidlty. Negative amounts should be entered by a minus sign. Enter your answers

In thousands of dollars. $\backslash$table$[[$Liabilities and Shareholders' Equity$],[$Current liabilities$],[,,],[,,],[,,],[,,],[$Total current liabilities,,$0],[$Long$-$term liabilities$],[,,],[,,],[$Total liabilities,,$0],[$Shareholders$\text{'}$ equity$],[,,],[,,],[$Total shareholder's equity,,$0],[$Total liabilities and shareholders' equity,$,0]]$

Debits Credits

Cash $26,500$

Long$-$term investments $63,000$

Accounts receivable $38,000$

Allowance for uncollectible accounts $7,500$

Prepaid insurance $3,000$

Inventory $140,000$

Land $53,000$

Buildings $180,000$

Accumulated depreciation$$buildings $58,000$

Equipment $144,500$

Accumulated depreciation$$equipment $38,000$

Patents $($unamortized balance$)9,000$

Accounts payable $41,500$

Notes payable, due $202573,000$

Interest payable $14,000$

Bonds payable, due $2041160,000$

Common stock $($no par$),29,000$ shares

authorized, issued, and outstanding $203,000$

Retained earnings $62,000$

Totals $657,000657,000$

Required:

Prepare a classified balance sheet for Libby Corporation on December $31,2024.$

Note: Enter your answers in the order of their liquidity. Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars.