=+E3-30 Classified balance sheet Obj 4 y Total assets, $971,174 La-Z-Boy Inc. is one ofthe worlds largest manufacturers offurniture that is best known for its reclining chairs. The following data (in thousands) were adapted from the 2006 annual report of La-Z-Boy Inc.:

Accounts payable $ 85,561 Accounts receivable 270,578 Accrued expenses 132,005 Accumulated depreciation 288,308 Capital stock 263,958 Cash 24,089 Intangible assets 75,720 Inventories 238,826 Debt due within one year* 10,844 Long-term debt** 173,368 Other assets** 51,066 Other assets** 100,909 Other long-term liabilities** 59,051 Property, plant, and equipment 498,294 Retained earnings 246,387

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