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The December 31, 2016, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash 32,500 Investment (long-term) 75,000 Accounts receivable

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

Debits Credits
Cash 32,500
Investment (long-term) 75,000
Accounts receivable 50,000
Allowance for uncollectible accounts 10,500
Prepaid insurance 9,000
Inventories 200,000
Land 65,000
Buildings 240,000
Accumulated depreciationbuildings 70,000
Equipment 162,500
Accumulated depreciationequipment 50,000
Patents (unamortized balance) 9,500
Accounts payable 47,500
Notes payable, due 2017 85,000
Interest payable 20,000
Bonds payable, due 2026 220,000
Common stock, no par, 36,000 shares authorized, issued, and outstanding 288,000
Retained earnings 52,500
Totals 843,500 843,500

Required:

Prepare a classified balance sheet for Libby Corporation at December 31, 2016. (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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