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Make a classified balance sheet in good form as of December

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Question - The following items were taken from the financial statements of Marigold Company. (All amounts are in thousands.)

Long-term debt $1,100

Accumulated depreciation-equipment $5,500

Prepaid insurance 840

Accounts payable 1,800

Equipment 11,400

Notes payable (due after 2020) 400

Stock investments (long-term) 200

Common stock 9,385

Debt investments (short-term) 3,900

Retained earnings 2,955

Notes payable (due in 2020) 500

Accounts receivable 1,900

Cash 2,200

Inventory 1,200

Required - Make a classified balance sheet in good form as of December 31, 2019.

Reference no: EM132637184

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