The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2024. Some amounts, indicated by question marks, have been intentionally omitted.

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.

Transcribed Image Text:

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