CALCULATOU Exercise 4-16 Your answer is partially correct. Try again. The following items were taken from the financial statements of Concord Company (All amounts are in thousands) Long-term debt $900 Accumulated depreciation-equipment $5,600 Prepaid insurance 870 Accounts payable 1,800 Equipment 11,100 Notes payable (due after 2020) 400 Stock investments (long-term) 300 Common stock 9,215 Debt Investments (short-term) 3,500 Retained earnings 2,955 Notes payable (due in 2020) 500 Accounts receivable 1,400 Cash 2,900 Inventory 1,300 Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquid Concord Company Balance Sheet December 31, 2019 Assets Current Assets Cash 2900 $ Accounts Receivable 1400 Concord Company Balance Sheet December 31, 2019 Assets Current Assets Cash 2900 Accounts Receivable 1400 Prepaid Insurance 870 Debt Investments 3500 X Inventory 1300 Total Current Assets 9970 $ Stock Investments 300 Property, plant and Equipment Inventory 1300 9970 Total Current Assets Stock Investments 300 Property, plant and Equipment Equipment 11100 Less Accumulated Depreciation Equipment 5600 5500 16370 Total Assets Liabilities and Stockholders' Equity Current Liabilities Notes Payable 400 N Accounts Payable 1800 Current Liabilities 2200 Long-term Liabilities E Accounts Payable 1800 2200 Total Current Liabilities Long-term Liabilities 900 Long-Term Debt 400 Notes Payable 1300 Total Long-term Liabilities 2900 Total Liabilities Stockholders' Equity Common Stock 9215 Retained Earnings 2955 12170 Total Stockholders' Equity 16370 Total Liabilities and Stockholders' Equity Click if you would like to show Work for this question: Open Show Work