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The following balance sheet, which has some weakness in terminology and clasification, has been prepared by an inexperienced accountant and submitted to you for review.

The following balance sheet, which has some weakness in terminology and clasification, has been prepared by an inexperienced accountant and submitted to you for review. Prepare a classified balance sheet. Make any necessary corrections.

(

Enter your answers in thousands. Amounts to be deducted should be entered with a minus sign.

)

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