The following items were taken from the financial statements of M. Wright Company. (All dollars are in thousands.)
|
Long term debt |
$ 1,000 |
Accumulated depreciation |
5,655 |
|
Prepaid insurance |
880 |
Accounts payable |
1,444 |
|
Equipment |
11,500 |
Notes payable (due after 2013) |
400 |
|
Long term investments |
264 |
Owner’s capital |
12,955 |
|
Short term investments |
3,690 |
Accounts receivable |
1,696 |
|
Notes payable (due in 2013) |
500 |
Inventory |
1,256 |
|
Cash |
$ 2,668 |
Instructions
Prepare a classified balance sheet in good form as of December 31, 2012.