The following balance sheet, which has some weaknesses in terminology and classification, has been prepa inexperienced accountant and submitted to you for review: $ 500 200 (50) $ 650 20 163 102 68 333 51 49 100 Mikeska Company Balance Sheet as of December 31, 2017 ($ 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 12 32 $1,147 140 195 $ 342 400 50 450 50 75 270 (40) 355 $1,147 Required: Prepare a classified balance sheet in proper form. Make any necessary corrections. Mikeska Company Balance Sheet As of 12/31/2017 (in thousands) Assets: Current assets: 0 Property, plant, and equipment: $ 0 Intangible assets: 0 Other assets: $ 0 Total assets Liabilities: Current liabilities: $ 0 Long-term liabilities: 0 Total liabilities Equity: Total contributed capital 0 Total stockholders' equity Total liabilities and stockholders' equity 0 0 $