The following balance sheet, which has some weaknesses in terminology and classification, has been prepared by an in accountant and submitted to you for review: Mikeska Company Balance Sheet as of December 31, 20X1 ($ in thousands) Assets Fixed assets-tangible Land Buildings and equipment Less: Reserve for depreciation Factory supplies Current assets Inventory Accounts receivable Cash Fixed assets-intangibles Patents Goodwill Deferred charges Discount on bonds payable Returnable containers Total assets Liabilities Current liabilities Accounts payable Allowance for doubtful accounts Wages payable Long-term liabilities Bonds payable Reserve for contingencies Equity Capital stock, $10 par, 5,000 shares issued and outstanding Capital surplus Earned surplus Dividends paid Total liabilities Requirede $ 650 20 333 100 222 12 32 44 $1,147 $ 342 450 (40) 355 $1,147