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The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Riverbed Instruments, Inc. Common shares $ 2,800 Cash $ 1,095
The following accounts and amounts (in thousands) were taken from the 2022 financial statements of Riverbed Instruments, Inc.
Common shares | $ 2,800 | Cash | $ 1,095 | ||||
---|---|---|---|---|---|---|---|
Prepaid insurance | 930 | Accumulated depreciation-equipment | 4,055 | ||||
Equipment | 9,425 | Accounts payable | 1,425 | ||||
Salaries payable | 150 | Mortgage payable (due 2028) | 1,110 | ||||
Inventory | 2,025 | Retained earnings | 6,340 | ||||
Trading investments | 1,460 | Accounts receivable | 970 | ||||
Income tax payable | 25 |
Prepare a classified statement of financial position as at December 31, 2022. (List Current Assets in order of liquidity.)
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