A 1 Chapter 2 2 C D E (10 points) The following information (in thousands of dollars) is available for Martin Company for the year ended December 31, 2021. 3 4 Prepaid insurance 5 Land $ 55 $ 3,500 Buildings 50,000 Cash 6 Goodwill 7 Trademarks 8 Supplies $ 56,000 Accounts Receivable $ 2,000 Accum. Depr.- Build $ 3,100 Accum. Depr.- Equip 9 Equipment $ 76,000 Common stock $ 10 Debt investments $ 15,700 Beginning retained earnings $ 11 Accounts payable $ 28,300 Operating expenses $ 12 Salaries payable $ 53,000 Service revenue SSSSSSSSS $ 110,000 $ 40,100 $ 11,700 10,000 $ 7,600 172,800 31,000 46,600 124,000 13 Dividends $ 12,000 14 15 Instructions: Prepare the classified balance sheet below. 17 NOTE: Using formulas whenever possible, fill in all highlighted cells below. 18 19 20 21 22 23 24 Current assets 25 MARTIN COMPANY Balance Sheet December 3, 2021 (in thousands) Assets 26 27 28 29 Total current assets 30 31 Long-Term Investments 32 33 34 Property, plant and equipment 35 36 37 38 39 E2-4 + 22 23 24 Current assets 25 26 27 28 29 Total current assets 30 31 Long-Term Investments 32 33 34 Property, plant and equipment 35 36 37 38 39 B C 40 41 Total Property, Plant and Equip 42 Intangible assets 43 44 45 46 47 48 Current liabilities 49 50 51 52 Total Current liabilities 53 Stockholders' Equity D E G H (in thousands) Assets Liabilities and Stockholders' Equity 54 55 56 Total stockholders' equity 57 Total liabilities and stockholders' equity 58 59 60 61 62 F2-4