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The following items were taken from the financial statements of Pronghorn Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term)
The following items were taken from the financial statements of Pronghorn Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2020) Cash $1,000 Accumulated depreciation-equipment $5,800 720 Accounts payable 1.800 11,900 Notes payable (due after 2020) 500 300 Common stock 9,620 3,900 Retained earnings 4.000 400 Accounts receivable 2.200 2.400 Inventory 1,700 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity. Pronghorn Company Balance Sheet December 31 2010 Assets Current Accets Cash 2400 10920 300 6100 17320 Accounts Receivable 2200 Inventory 1700 Prepaid Insurance Debt Investments 3900 Total Current Assets long-term Investments Dronerty Plant and Fruinment Equipment 11900 Tess : Accumulated Depreciation-Equip 5800 | Total Assets Liabilities and Stockholders' Equity Current liabilities Accounts Payable 1800 Notes Payable 400 Total Current liahilities long-term liabilities Notes Payable Long-Term Debt Total long-term liabilities Total liabilities Storkholders' Fruit Common Stock 9620 Retained Earnings Total Storkholders' Fruit $ 2200 1500 3700 13620
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