The following items were taken from the financial statements of J. Pharoah Company on December 31, 2021. (All amounts are in thousands) 5920 $5,555 Long-term debt Prepaid insurance Equipment 920 1.454 11.470 500 Accumqlated depreciation-equipment Accounts payable Notes payable (due after 2022) J. Pharoah, capital Accounts receivable Merchandise inventory 384 12.645 Long-term investments Short-term investments Notes payable (due in 2022) 3.770 1,206 420 1.206 Cash 2.538 Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity.) J.PHAROAH COMPANY Balance Sheet December 31, 2021 (in thousands) Assets Current Assets 11 I CI Equipment $ Accumulated Depreciation Equipment Liabilities and Owner's Equity 1