The following balance sheet, which has some weaknesses in terminology and classification, 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.)

Mikeska Company Balance Sheet as of December 31, 20X1 (\$ in thousands) Assets Fixed assets-tangible Land Buildings and equipment Less: Reserve for depreciation $500200(50)$65020 Factory supplies Current assets Inventory Accounts receivable Cash Fixed assets-intangibles Patents Goodwill Deferred charges Discount on bonds payable Returnable containers Total assets 16310268 333 Liabilities \begin{tabular}{ll} 51 & \\ 49 & 100 \\ \hline \end{tabular} Current liabilities Accounts payable \begin{tabular}{l} 12 \\ 32 \\ \hline \end{tabular} 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 140 7 195 $342 Total liabilities 40050 50 270 (40) 44$1,147 Mikeska Company Balance Sheet as of December 31, 20X1 (\$ in thousands) Assets Fixed assets-tangible Land Buildings and equipment Less: Reserve for depreciation $500200(50)$65020 Factory supplies Current assets Inventory Accounts receivable Cash Fixed assets-intangibles Patents Goodwill Deferred charges Discount on bonds payable Returnable containers Total assets 16310268 333 Liabilities \begin{tabular}{ll} 51 & \\ 49 & 100 \\ \hline \end{tabular} Current liabilities Accounts payable \begin{tabular}{l} 12 \\ 32 \\ \hline \end{tabular} 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 140 7 195 $342 Total liabilities 40050 50 270 (40) 44$1,147