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The December 31, 2021, post-closing trial balance ($ In thousands) for Libby Corporation is presented below: Credits Debits 29, eee 68, eee 43,00 7,600 3.34
The December 31, 2021, post-closing trial balance ($ In thousands) for Libby Corporation is presented below: Credits Debits 29, eee 68, eee 43,00 7,600 3.34 points 5,500 165, eee 58, 205, eee (8 01:04:33 63, eee 152,eee Cash Investments (long-term) Accounts receivable Allowance for uncollectible accounts Prepaid insurance Inventory Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Patents (unamortized balance) Accounts payable Notes payable, due 2022 Interest payable Bonds payable, due 2031 Common stock (no par), 32, eee shares authorized, issued, and outstanding Retained earnings Totals 43,00 6, eee 44,00 78,000 16,500 185,000 224, eee 71, eee 731,500 731,520 23 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.) 3.34 points LIBBY CORPORATION Balance Sheet At December 31, 2021 ($ in thousands) Assets ( 01:04:14 Total current assets Property, plant, and equipment Net book value of building Net book balue of equipment Net Property, plant, and equipment Total assets Liabilities and Shareholders' Equity Current liabilities Total current liabilities Long-term liabilities Total liabilities
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