The data listed below are taken from a balance sheet of Trident Corporation at December...
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Accounting
The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Some amounts, indicated by question marks, have been intentionally omitted. ($ in thousands) Cash and cash equivalents $ 239,186 Short-term investments 353,700 Accounts receivable 504,944 Inventory Prepaid expenses (current) 83,259 Total current assets 1,594,927 Long-term receivables 110,800 Equipment (net) ? Total assets ? Notes payable (current) 31,116 Accounts payable Accrued liabilities 421,772 Other current liabilities 181,604 Total current liabilities 693,564 Long-term debt ? Total llabilities 956,140 Common stock 370,627 Retained earnings 1,000,000 Required: 1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Include headings for each classification, as well as titles for each classification's subtotal . An example of a classified balance sheet can be found in the Concept Review Exer- cise at the end of Part A of this chapter
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