the December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below:

Debits

Credits

Cash

29,500

Investments (long-term)

69,000

Accounts receivable

44,000

Allowance for uncollectible accounts

7,500

Prepaid insurance

6,000

Inventory

170,000

Land

59,000

Buildings

210,000

Accumulated depreciationbuildings

64,000

Equipment

153,500

Accumulated depreciationequipment

44,000

Patents (unamortized balance)

6,500

Accounts payable

44,500

Notes payable, due 2022

79,000

Interest payable

17,000

Bonds payable, due 2031

190,000

Common stock (no par), 34,000 shares

authorized, issued, and outstanding

238,000

Retained earnings

63,500

Totals

747,500

747,500

Required:

Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (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.)

X 10 Week 2: Quiz X Connect X Hucation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2. Saved At December 31, 2021 ($ in thousands) Assets Total current assets Property, plant and equipment Net book value of building 0 0 Net book balue of equipment Net Property, plant and equipment 0