Current Attempt in Progress

The following items were taken from the financial statements of Novak Company. $($All amounts are in thousands.$)$

Long$-$term debt

Prepaid insurance

Equipment

Stock investments $($long$-$term$)$

Debt investments $($short$-$term$)$

Notes payable $($due in $2023)$

Cash

$$1,100$

$940$

$11,400$

$300$

$4,200$

$600$

$2,000$

Accumulated depreciation$-$equipment,

Accounts payable

Notes payable $($due after $2023)$

Common stock

Retained earnings

Accounts receivable

Inventory

$$5,300$

$1,500$

$500$

$8,740$

$3,800$

$1,200$

$1,500$

Prepare a classified balance sheet in good form as of December $31,2022.($Enter amounts in thousands. List Current Assets in order

liquidity.$)$

Novak Company

Balance Sheet

Assets

$