The December 31, 2021, post-closing trial balance ($ in thousands) for Middle East Company is presented below: Debits Credits Cash Investments (long-term) 32,500 75,000 50,000 Accounts receivable 10,500 Allowance for uncollectible accounts Prepaid insurance 9,000 Inventory Land 200,000 65,000 240,000 Buildings Accumulated depreciation-buildings 70,000 162,500 Fruinment 70,000 162,500 50,000 9,500 Accumulated depreciation--buildings Equipment Accumulated depreciation-equipment Patents (unamortized balance) Accounts payable Notes payable, due 2022 Interest payable Bonds payable, due 2031 Common stock (no par), 36,000 shares authorized, issued, and outstanding Retained earnings 47,500 85,000 20,000 220,000 288,000 52,500 843,500 Totals 843,500 Required: Prepare a classified balance sheet for Middle East Company at December 31, 2021. [8 Marks)