The following accounts are taken from the financial statements of Trump Entertainments Resorts, Inc. at year-end December 31, 2006. Amounts have been rounded to the nearest thousand.

Required:
1. Prepare a classified balance sheet at December 31, 2006. Note that some of the accounts in the list are not reported on the balance sheet.
2. Using the balance sheet, indicate whether the total assets of Trump Entertainments Resorts, Inc. at year-end were financed primarily by liabilities or owners' equity.

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279,118 Cash General Expenses Salaries Payable Interest Expense Other Assets Accounts Payable Other Current Liabilities Food and Beverage Revenue 28,099 130,144 508,704 30,495 98,138 123,091 127,382 54,342 10,816 23,400 1,535,852 LongTerm Note Payable ,690,996 412,768 Accounts Receivable Inventories Other Current Assets Property and Equipment 2 "Owners" Capital