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The following items were taken from the financial statements of P. Crane Company. (All amounts are in thousands.) Long-term debt $900 Accumulated depreciation-equipment $5,000

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The following items were taken from the financial statements of P. Crane Company. (All amounts are in thousands.) Long-term debt $900 Accumulated depreciation-equipment $5,000 Prepaid insurance 860 Accounts payable 1,700 Equipment 11,400 Notes payable (due after 2023) 500 Stock investments (long-term) 300 Owner's capital 14,560 Debt investments (short-term) 4,200 Accounts receivable 2,200 Notes payable (due in 2023) 500 Inventory 1,800 Cash 2,400 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity. Enter amounts in thousands.) P. CRANE COMPANY Balance Sheet (in thousands) Assets $ $ $ Liabilities and Owner's Equity $ > A $

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