The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018.

Question:

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2018. Some amounts, indicated by question marks, have been intentionally omitted.

_________________________________________________ ($ in thousands)

Cash and cash equivalents .............................................. $239,186

Short-term investments .................................................353,700

Accounts receivable (net of allowance) ..............................504,944

Inventories ............................................................... ?

Prepaid expenses (current) ............................................. 83,259

Total current assets ...................................................... 1,594,927

Long-term receivables ..................................................110,800

Property and equipment (net) .......................................... ?

Total assets ............................................................... ?

Notes payable and short-term debt ................................... 31,116

Accounts payable ....................................................... ?

Accrued liabilities ......................................................421,772

Other current liabilities ................................................181,604

Total current liabilities ................................................693,564

Long-term debt and deferred taxes .................................. ?

Total liabilities ..........................................................956,140

Shareholders' equity ................................................... 1,370,627

Required:

1. Determine the missing amounts.

2. Prepare Trident's classified balance sheet.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...