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The following items were taken from the financial statements of J. Wildhorse Company on December 31, 2021. (All amounts are in thousands.) Long-term debt $910
The following items were taken from the financial statements of J. Wildhorse Company on December 31, 2021. (All amounts are in thousands.)
Long-term debt
$910
Accumulated depreciationequipment
$5,675
Prepaid insurance
820
Accounts payable
1,564
Equipment
11,430
Notes payable (due after 2022)
500
Long-term investments
144
J. Wildhorse, capital
12,145
Short-term investments
3,610
Accounts receivable
1,346
Notes payable (due in 2022)
460
Merchandise inventory
1,346
Cash
2,558
Prepare a classified balance sheet in good form as at December 31, 2021. (List Current Assets in order of liquidity.)
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