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The following items were taken from the financial statements of J. Blossom Company on December 31, 2021. (All amounts are in thousands.) Long-term debt Prepaid

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The following items were taken from the financial statements of J. Blossom Company on December 31, 2021. (All amounts are in thousands.) Long-term debt Prepaid insurance $1,010 Accumulated depreciation-equipment $5,555 960 Accounts payable 1,324 11.400 Notes payable (due after 2022) 510 214 J. Blossom, capital 12.575 Equipment Long-term investments Short-term investments 3,590 Accounts receivable 1.346 1.346 Notes payable (due in 2022) 490 Merchandise inventory Cash 2,60 Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity) Prepare a classified balance sheet in good formas at December 31, 2021. (List Current Assets in order of liquidity) J. BLOSSOM COMPANY Balance Sheet (in thousands) Assets $ $ Liabilities and Owner's Equity 5

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