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The following items in thousands) were taken from the financial statements of Zhao Company. (All dollars are in thousands.) Mortgage payable Prepaid insurance Equipment Long-term
The following items in thousands) were taken from the financial statements of Zhao Company. (All dollars are in thousands.) Mortgage payable Prepaid insurance Equipment Long-term investments Short-term investments Notes payable (due in 2020) Cash 2,443 Accumulateddepreciation-equip. 880 Accounts payable 13,500 Notes payable (due after 2020) 764 Share capital ordinary 3,690 Accounts receivable 981 Inventories 3,168 Retained earnings 3,655 1,444 368 6,000 1,696 1,756 10,563 Instructions Prepare a classified statement of financial position in good form as of December 31, 2020
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