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The December 31, 2016, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash 24,000 Investment (long-term) 58,000 Accounts receivable

The December 31, 2016, post-closing trial balance ($ in thousands) for Libby Corporation is presented below:

Debits Credits
Cash 24,000
Investment (long-term) 58,000
Accounts receivable 33,000
Allowance for uncollectible accounts 9,000
Prepaid insurance 6,000
Inventories 115,000
Land 48,000
Buildings 155,000
Accumulated depreciationbuildings 53,000
Equipment 137,000
Accumulated depreciationequipment 33,000
Patents (unamortized balance) 6,500
Accounts payable 39,000
Notes payable, due 2017 68,000
Interest payable 11,500
Bonds payable, due 2026 135,000
Common stock, no par, 25,000 shares authorized, issued, and outstanding 187,500
Retained earnings 46,500
Totals 582,500 582,500

Required:

Prepare a classified balance sheet for Libby Corporation at December 31, 2016. (Enter your answers in the order of their liquidity. Negativ

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