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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.) $5,525 1.314 270
The following items were taken from the financial statements of J. Blossom Company on December 31, 2021. (All amounts are in thousands.) $5,525 1.314 270 Long-term debt Prepaid insurance Equipment Long-term investments Short-term investments Notes payable (due in 2022) Cash $870 Accumulated depreciation-equipment 750 Accounts payable 11,370 Notes payable (due after 2022) 134 J. Blossom, capital 3,560 Accounts receivable 370 Merchandise inventory 2,538 12.255 1.126 1.126 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 > $
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