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The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Credits Debits 24,500 59,000 34,000 9,500 6,500 120,000 49,000

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The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below: Credits Debits 24,500 59,000 34,000 9,500 6,500 120,000 49,000 160,000 54,000 138,500 Cash Investments (long-term) Accounts receivable Allowance for uncollectible accounts Prepaid insurance Inventory Land Buildings 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), 24,000 shares authorized, issued, and outstanding Retained earningo Totals 34,000 7,000 39,500 69,000 12,000 140,000 180,000 60,500 598,500 598,500 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of their Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars.) LIBBY CORPORATION Balance Sheet ($ 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 Saved Net book balue of equipment Net Property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity Total shareholder's equity Total liabilities and shareholders' equity

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