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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.) Long-term debt $870

The following items were taken from the financial statements of J. Blossom Company on December 31, 2021. (All amounts are in thousands.)

Long-term debt

$870

Accumulated depreciationequipment

$5,525

Prepaid insurance

750

Accounts payable

1,314

Equipment

11,370

Notes payable (due after 2022)

270

Long-term investments

134

J. Blossom, capital

12,255

Short-term investments

3,560

Accounts receivable

1,126

Notes payable (due in 2022)

370

Merchandise inventory

1,126

Cash

2,538

Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity.)

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J. BLOSSOM COMPANY Balance Sheet December 31, 2021 V (in thousands) Assets Current Assets Cash $ 2538.00 Accounts Receivable 1126.00 Merchandise Inventory 1126.00 Short-term Investments 3560.00 Prepaid Insurance 750.00 Total Current Assets 9100.00 Total Long-term Investments Long-term Investments 134.00 Property, Plant, and Equipment Equipment $ 11370.00 Less : Accumulated Depreciation Equipment 5525.00 5845.00 Total Assets $ 15079.00 Liabilities and Owner's Equity Current Liabilities Notes Payable $ 370.00 Accounts Payable 1314.00 Total Current Liabilities 1684.00 Long-term Liabilities Notes Payable $ 270.00 Long-term Debt 870.00 Long-term Liabilities 1140.00 Long-term Liabilities 1140.00 Total Liabilities v

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