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24 0 02.56.09 The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below. Cash Debits Credits 31,000 Investments (long-term)

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24 0 02.56.09 The December 31, 2021, post-closing trial balance ($ in thousands) for Libby Corporation is presented below. Cash Debits Credits 31,000 Investments (long-term) Accounts receivable 72,000 47,000 Allowance for uncollectible accounts Prepaid insurance 9,000 7,500 Inventory Land 185,000 62,000 Buildings 225,000 Accumulated depreciation-buildings Equipment 67,000 158,000 47,000 Accumulated depreciation-equipment Patents (unamortized balance) Accounts payable 8,000 45,000 82,000 Notes payable, due 2022 Interest payable 18,500 Bonds payable, due 20311 205,000 Common stock (no par), 38,000 shares 240,000 authorized, issued, and outstanding Retained earnings 81,000 Totals 795,500 795,500 Required: Prepare a classified balance sheet for Libby Corporation at December 31, 2021. (Enter your answers in the order of their liquidity. Negative amounts should be entered by a minus sign. Enter your answers in thousands of dollars.) LIDDY CORPO Help

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