The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands.) 5,500 Accumulated depreciation 1,000 (All dollars are in thousands.) 1,500 Accounts payable 500 1000 Notes payable (after 2013) 11,500 11,500 Retained earnings 500 Long-term debt Prepaid insurance Equipment Long-term investment 2,000 Accounts receivable 4,000 Short term investment 2,500 Cash Notes payable (in 2013) Prepare a classified balance sheet in good form as of December 31, 2012. 500 Q7) Total liability and shareholders' equity: a. 15,500 b. 16,000 c. 16,500 d. 15,000 Q8) Calculate the liquidity by using the working capital: a. 7,500 b. 6,500 c. 7,000 $8,000 Q1) find the total current assets: a. 4,000. b. 4,500. c. 9,000. d. 11,500. Q2) find the net equipment: a. 11,500 b. 6,000 c. 5,500 d. 13,000 Q9) Calculate the liquidity by using current ratio: Q3) Long term Assets: a. 4,000 b. 500 a. 0.22 b. 4.5 c. All above. d. None above. Q10) Calculate the (Solvency ratio) debt to total assets ratio: a. 26% b. 10% c. 1,000 d. 2,500 Q4) Total Assets: a. 15,500 b. 16,000 c. 16,500 d. 15,000 Q5) Total current liability: c. 50% d. 40% a. 1,500 b. 2,000 c. 2,500 d. 3,000