The following items were taken from the financial statements of P. Jimenez Company. (All amounts are in thousands.)

Instructions.

Prepare a classified balance sheet in good form as of December 31, 2022.

Transcribed Image Text:

Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2023) Cash $1,000 650 11,500 264 3,690 500 2,668 Accumulated depreciation equipment Accounts payable Notes payable (due after 2023) Owner's capital Accounts receivable Inventory $ 5,655 1,214 400 12,955 1,696 1,256