Use the following list of account balances taken from the ledger of a company on 12/31/22 to answer the questions that follow.

(Amounts listed in thousands)

Allowance for doubtful accounts	5	Prepaid insurance	8
Available-for-sale securities (due 2030)	90	Accounts receivable	100
Inventory	20	Securities fair value adjustment – trading securities (debit balance)	4
Common stock	10	Bonds payable (due 2040)	200
Cash and cash equivalents	55	Accounts payable	15
Securities fair value adjustment – AFS securities (credit balance)	7	Accumulated other comprehensive income (credit balance)	23
Discount on bonds payable	14	Deferred revenue	70
Additional paid-in capital	500	Trading securities	30
Equipment	750	Patent	12
Interest payable (due 2023)	7	Land	100
Goodwill	45	Accumulated depreciation	50

• 5% of the bonds payable and associated discount will come due in 2023. The remaining amount comes due in future years.
• 10% of the cash and cash equivalents are tied to the bonds payable in a sinking fund that is legally restricted until the final maturity of the bonds in 2040.
• The inventory is currently listed at cost, its net realizable value (or market value) is 16 thousand.
• 80% of the deferred revenue will be earned in 2023, the remaining amount will be earned in 2024.
• $6 thousand dollars of the prepaid insurance will be used in 2023. The remaining amount will be used in 2024.

Provide the relevant subtotals for each of the following categories as well as a calculation of retained earnings at 12/31/22.

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