Question: Current Attempt in Progress The following items were taken from the financial statements of Monty Company. (All amounts are in thousands.) Long-term debt $1,000 Accumulated
Current Attempt in Progress The following items were taken from the financial statements of Monty Company. (All amounts are in thousands.) Long-term debt $1,000 Accumulated depreciation-equipment $5,200 Prepaid insurance 750 Accounts payable 2,000 Equipment 11,100 Notes payable (due after 2023) 500 Stock investments (long-term) 400 Common stock 9,050 Debt investments (short-term) 3,600 Retained earnings 3,300 Notes payable (due in 2023) 400 Accounts receivable 1,300 Cash 2,500 Inventory 1,800 Prepare a classified balance sheet in good form as of December 31, 2022. (Enter amounts in thousands. List Current Assets in order of liquidity.) Monty Company Current Assets Cash Short-Term Investment Accounts Receivable Inventory Prepaid Insurance > > > < < Balance Sheet December 31, 2022 Assets $ 2500 Liabilities and Stockholders' Equity $ 3600 1300 1800 750 $
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