Question

1. Determine the missing amounts. 2. Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs bel Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dolla ($ in 000s) $ 239,186 353,700 504,944 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) 83,259 1,594,927 110,800 Total assets 31,116 Notes payable (current) Accounts payable Accrued liabilities Other current liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 421,772 181,604 693,564 956,140 370,627 1,000,000

Answer 1

1	Value of Inventory	$          4,13,838
	Total Current Asset	$        15,94,927
	Less:   Cash	$         -2,39,186
	Short term investment	$         -3,53,700
	Account receivable	$         -5,04,944
	Prepaid expenses	$            -83,259
		$          4,13,838
2	Account payable	$              59,072
	Total Current Liabilities	$          6,93,564
	Less:   Note payable	$            -31,116
	Accrued Liabilities	$         -4,21,772
	Other current liabilities	$         -1,81,604
		$              59,072
3	Long term debt	$          2,62,576
	Total Liabilities	$          9,56,140
	Less:   Total current liabilities	$         -6,93,564
		$          2,62,576
4	Total Asset	$        23,26,767
	Total Asset = Total liabilities + Common stock +Retained earnings
	Total Asset = 956140+370627+1000000
	Total Asset = 23,26,767
5	Equipment	$          6,21,040
	Total Asset	$        23,26,767
	Less:   Total Current asset	$      -15,94,927
	Long term receivables	$         -1,10,800
		$          6,21,040
	TRIDENT CORPORATION
	Balance Sheet
	December 31, 2021
	Assets
	Current Assets:
	Cash and cash equivalent	$          2,39,186
	Accounts Receivable	$          5,04,944
	Short term investment	$          3,53,700
	Inventory	$          4,13,838
	Prepaid expenses	$              83,259
	Total Current Assets		$         15,94,927
	Investments:
	Long term receivables		$           1,10,800
	Property pant and equipment
	Equipment		$           6,21,040
	Total Assets		$         23,26,767
	Liabilities and Stockholders' Equity
	Liabilities
	Current Liabilities:
	Account payable	$              59,072
	Accrued liabilities	$          4,21,772
	Notes payable	$              31,116
	Other current liabilities	$          1,81,604
	Total Current Liabilities		$           6,93,564
	Long term Liabilities:
	Long term debt		$           2,62,576
	Total Liabilities		$           9,56,140
	Stockholders' Equity
	Common Stock	$          3,70,627
	Retained Earnings	$        10,00,000
	Total Stockholders' Equity		$         13,70,627
	Total Liabilities & Stockholders' Equity		$         23,26,767

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