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The following items were taken from the financial statements of P. Pharoah Company. (All amounts...

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Accounting

The following items were taken from the financial statements of P. Pharoah Company. (All amounts are in thousands.)

Long-term debt

 $1,000

Accumulated depreciationequipment

 $5,400

Prepaid insurance

 710

Accounts payable

 1,400

Equipment

 12,000

Notes payable (due after 2021)

 400

Stock investments (long-term)

 400

Owners capital

 13,510

Debt investments (short-term)

 3,900

Accounts receivable

 1,200

Notes payable (due in 2021)

 400

Inventory

 1,500

Cash

 2,400

Prepare a classified balance sheet in good form as of December 31, 2020. (List Current Assets in order of liquidity. Enter amounts in thousands.)

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(in thousands) Assets $ ( > (

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