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The December 31, 2016, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash 24,500 Investment (long-term) 59,000 Accounts receivable

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

Debits Credits
Cash 24,500
Investment (long-term) 59,000
Accounts receivable 34,000
Allowance for uncollectible accounts 9,500
Prepaid insurance 6,500
Inventories 120,000
Land 49,000
Buildings 160,000
Accumulated depreciationbuildings 54,000
Equipment 138,500
Accumulated depreciationequipment 34,000
Patents (unamortized balance) 7,000
Accounts payable 39,500
Notes payable, due 2017 69,000
Interest payable 12,000
Bonds payable, due 2026 140,000
Common stock, no par, 24,000 shares authorized, issued, and outstanding 180,000
Retained earnings 60,500
Totals 598,500 598,500

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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