The following items were taken from the financial statements of D. Gygi Company. (All amounts are in thousands.)
|
Long-term debt |
$1,000 |
Accumulated depreciation—equipment |
$5,665 |
|
Prepaid insurance |
880 |
Accounts payable |
1,444 |
|
Equipment |
11,500 |
Notes payable (due after 2015) |
400 |
|
Stock investments (long-term) |
264 |
Owner”s capital |
12,995 |
|
Debt investments (short-term) |
3,690 |
Accounts receivable |
1,696 |
|
Notes payable (due in 2015) |
500 |
Inventory |
1,256 |
|
Cash |
2,668 |
Instructions
Prepare a classified balance sheet in good form as of December 31, 2014.