Question 3 View Policies Current Attempt in Progress The following items were taken from the financial statements of Whispering Winds Company. (All amounts are in thousands.) Long-term debt Prepaid insurance Equipment Stock investments (long-term) Debt investments (short-term) Notes payable (due in 2020) $1,000 Accumulated depreciation equipment $5,500 800 Accounts payable 1,600 11,000 Notes payable (due after 2020) 300 300 Common stock 9,100 3,200 Retained earnings 2,100 600 Accounts receivable 1,300 2,200 Inventory 1,400 Cash Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.) Prepare a classified balance sheet in good form as of December 31, 2019. (Enter amounts in thousands. List Current Assets in order of liquidity.) Whispering Winds Company Balance Sheet Assets Liabilities and Stockholders' Equity