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The following items were taken from the financial statements of Bridgeport 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 Bridgeport 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 $900 Accumulated depreciation equipment $5,600 970 Accounts payable 1,200 11.100 Notes payable (due after 2020) 400 200 Common stock 11,470 3,700 Retained earnings 2.000 400 Accounts receivable 1,400 2,700 Inventory 1,900 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.)
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