Question: The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Some amounts, indicated by question marks, have been

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Some amounts, indicated by question marks, have been intentionally omitted.

($ in thousands) $ 239,186 Cash and cash equivalents Short-term investments 353,700

Required:1. Determine the missing amounts.2. Prepare Trident?s classified balance sheet. Include headings for each classification, as well as titles for each classification?s subtotal. An example of a classified balance sheet can be found in the Concept Review Exercise at the end of Part A of this chapter.

($ in thousands) $ 239,186 Cash and cash equivalents Short-term investments 353,700 Accounts receivable 504,944 Inventory Prepaid expenses (current) 83,259 Total current assets 1,594,927 Long-term receivables Equipment (net) 110,800 Total assets Notes payable (current) Accounts payable 31,116 Accrued liabilities 421,772 Other current liabilities 181,604 Total current liabilities 693,564 Long-term debt Total liabilities 956,140 370,627 Common stock Retained earnings 1,000,000

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