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The December 3 1 , 2 0 2 4 , post - closing trial balance ( $ in thousands ) for Libby Corporation is presented

The December 31,2024, post-closing trial balance ($ in thousands) for Libby Corporation is presented below:
Debits Credits
Cash 22,500
Long-term investments 55,000
Accounts receivable 30,000
Allowance for uncollectible accounts 7,500
Prepaid insurance 4,500
Inventory 100,000
Land 45,000
Buildings 140,000
Accumulated depreciationbuildings 50,000
Equipment 132,500
Accumulated depreciationequipment 30,000
Patents (unamortized balance)5,000
Accounts payable 37,500
Notes payable, due 202565,000
Interest payable 10,000
Bonds payable, due 2034120,000
Common stock (no par),20,000 shares
authorized, issued, and outstanding 150,000
Retained earnings 64,500
Totals 534,500534,500
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.

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