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The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Debits Credits Cash 23,000 Investments (long-term) 56,000 Accounts receivable

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

Debits Credits
Cash 23,000
Investments (long-term) 56,000
Accounts receivable 31,000
Allowance for uncollectible accounts 8,000
Prepaid insurance 5,000
Inventory 105,000
Land 46,000
Buildings 145,000
Accumulated depreciationbuildings 51,000
Equipment 134,000
Accumulated depreciationequipment 31,000
Patents (unamortized balance) 5,500
Accounts payable 38,000
Notes payable, due 2022 66,000
Interest payable 10,500
Bonds payable, due 2031 125,000
Common stock (no par), 22,000 shares authorized, issued, and outstanding 165,000
Retained earnings 56,000
Totals 550,500 550,500

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.)

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LIBBY CORPORATION Balance Sheet At December 31, 2021 ($ in thousands) Assets Total current assets Property, plant, and equipment Net book value of building Net book balue of equipment Net Property, plant, and equipment Total assets Liabilities and Shareholders' Equity

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