Problem 3-2 (Algo) Balance sheet preparation; missing elements [LO3-2, 3-3]

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021.

Required:

1.Determine the missing amounts.

2.Prepare Trident's classified balance sheet.

explain this question by entering your answers in the tabs below.

• Required 1
• Required 2

Determine the missing amounts.(Enter the answers in thousands of dollars.)

($ in 000s)Cash and cash equivalents$

254,286Short-term investments369,700Accounts receivable520,944InventoryPrepaid expenses (current)99,259Total current assets1,754,927Long-term receivables126,800Equipment (net)Total assetsNotes payable (current)47,116Accounts payableAccrued liabilities437,772Other current liabilities197,604Total current liabilities709,564Long-term debtTotal liabilities1,116,140Common stock530,627Retained earnings1,000,000