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.

  

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Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 69 ($ in 000s) 245,286 360,700 511,944 456,738 90,259 1,664,927 117,800 38,116 428,772 188,604 700,564 1,026,140 440,627 1,000,000 Current assets: Total current assets. Investments: Property, plant, and equipment Total assets TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current liabilities: Liabilities and Shareholders Equity Total current liabilities Long-term liabilities: Total liabilities Shareholders equity Total shareholders equity Total liabilities and shareholders equity $ $ 0 0 0 0 0 0 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 69 ($ in 000s) 245,286 360,700 511,944 456,738 90,259 1,664,927 117,800 38,116 428,772 188,604 700,564 1,026,140 440,627 1,000,000 Current assets: Total current assets. Investments: Property, plant, and equipment Total assets TRIDENT CORPORATION Balance Sheet ($ in 000s) At December 31, 2021 Assets Current liabilities: Liabilities and Shareholders Equity Total current liabilities Long-term liabilities: Total liabilities Shareholders equity Total shareholders equity Total liabilities and shareholders equity $ $ 0 0 0 0 0 0

Answer rating: 100% (QA)

a Total assets Total liabilities Shareholders equity Total assets Total liabilities Common stock Ret... View the full answer