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The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented bel ices Debits Credits Cash 31,500 Investments (long-tern)) Accounts

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The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented bel ices Debits Credits Cash 31,500 Investments (long-tern)) Accounts receivable 73,000 Allowance for uncollectible accounts 40,000 9,50 Prepaid insurance 8,000 Inventory 150,000 Land 63,000 Buildings 230,000 Accumulated depreciation-buildings 68,000 Fatents (unamortized balance) Equipment Accumulated depreciation-equipment Accounts payable Notes payable, due 2022 Interest payable Bonds payable, due 2031 359,500 48,000 8,500 46,588 83,000 19,000 210,000 Common stock (no par), 32,000 shares authorized, issued, and outstanding Retained earnings Totals 256,000 71,500 811,500 811,588 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021 (Enter your answers in the on their liquidity, Negative amounts should be entered by a minus sign. Enter your answers in thousands of di LIBBY CORPORATION Balance Sheet At December 11, 2021 (in thousands) Assets @ 2

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