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use a proper heading and make sure your A= L + OE Prepare a classified balance sheet (LO 4) E4-16 The following items were taken

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Prepare a classified balance sheet (LO 4) E4-16 The following items were taken from the financial statements of J. Pineda Company (All amounts are in thousands.) Long-term debt $ 1.000 Accumulated depreciation-equipment $ 5,655 Prepaid insurance 880 Accounts payable 1,444 Equipment 11,500 Notes payable (due after 2018) 400 Stock investments (long-term) 264 Owner's capital 12,955 Debt investments (short-term) 3,690 Accounts receivable 1.696 Notes payable (due in 2018) 500 Inventory 1,256 Cash 2,668 Instructions Prepare a classified balance sheet in good form as of December 31, 2017

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