Question

The data listed below are taken from a balance sheet of Trident Corporation at December 31, 2021. Required: 1. Determine the missing amounts. 2 Prepare Trident's classified balance sheet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the missing amounts. (Enter the answers in thousands of dollars.) ($ in 000) 251,286 388,700 517,944 98,259 1,724.927 123.800 Cash and cash equivalents Short-term investments Accounts receivable Inventory Prepaid expenses (current) Total current assets Long-term receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued liabilities Other current abilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 44,116 434.772 194,604 708,584 1,088,140 500,627 1,000,000 < Required 1 Required 2 >

Answer 1

Updated the screenshot for the presentation as well as the text part. Used the alphabets for calcualtion reference.

Accounting equation -

Assets	=	Liabilities	+	Capital
$2,586,767		$1,086,140		$1,500,627

Description	( $ in 000s)
Cash and Cash equivalent	$251,286	K
Short Term Investment	$366,700	L
Accounts receivable	$517,944	M
Inventory	$492,738	J - (K + L + M +N)
Prepaid Expenses (current)	$96,259	N
Total current assets	$1,724,927	J
Long Term Receivables	$123,800	I
Equipment (net)	$738,040	A + B + C - I - J
Total assets	$2,586,767	A + B + C
Notes payable (current)	$44,116	H
Accounts payable	$33,072	E - (F + G + H)
Accrued Liabilites	$434,772	G
Other Current Liabilities	$194,604	F
Total current liabilites	$706,564	E
Long term debt	$379,576	C - E
Total Liabilities	$1,086,140	C
Common Stock	$500,627	B
Retained Earning	$1,000,000	A

Description Cash and Cash equivalent Short Term Investment Accounts receivable Inventory Prepaid Expenses (current) Total current assets ($ in 000s) $251,286 $366,700 $517,944 $492,738 $96,259 $1,724,927 K L M J - K + L +M+N) N J Long Term Receivables Equipment (net) Total assets Notes payable (current) Accounts payable Accrued Liabilites Other Current Liabilities Total current liabilites Long term debt Total Liabilities Common Stock Retained Earning $123,800 $738,040 $2,586,767 $44,116 $33,072 $434,772 $194,604 $706,564 $379,576 $1,086, 140 $500,627 $1,000,000 I A + B + C-I-J A + B + C H E - F + G + H) G F E C-E C B 4

	Trident Corporation
	Balance sheet ($ in 000s)
	At December 31, 2021
	Assets
	Cash and Cash equivalent	$251,286
	Short Term Investment	$366,700
	Accounts receivable	$517,944
	Inventory	$492,738
	Prepaid Expenses (current)	$96,259
	Total current assets	$1,724,927
	Investments :
	Long Term Receivables	$123,800
	Property, plant and equipement
	Equipment (net)	$738,040
	Total assets	$2,586,767
	Liabilities and shareholder's Equity
	Current Liabilities
	Notes payable (current)	$44,116
	Accounts payable	$33,072
	Accrued Liabilites	$434,772
	Other Current Liabilities	$194,604
	Total current liabilites	$706,564
	Long Term Liabilities
	Long term debt	$379,576
	Shareholder's Equity
	Common Stock	$500,627
	Retained Earning	$1,000,000
	Total Shareholder's equity	$1,500,627
	Total Liabilities & shareholder's equity	$2,586,767

Trident Corporation Balance sheet (S in 000s) 4t December 31, 2021 Assets Cash and Cash equivalent Short Term Investment Accounts receivable Inventory Prepaid Expenses (current) $251,286 $366,700 $517,944 $492,738 $96,259 Total current assets $1,724,927 huvestments : Long Term Receivables $123,800 Property, plant and equipement Equipment (net) $738,040 Total assets $2,586,767

Liabilities and shareholder's Equity Current Liabilities Notes payable (current) Accounts payable Accrued Liabilites Other Current Liabilities $44,116 $33,072 $434,772 $194,604 Total current liabilites $706,564 Long Term Liabilities Long term debt $379,576 Shareholder's Equity Common Stock Retained Earning $500,627 $1,000,000 Total Shareholder's equity Total Liabilities & shareholder's equity $1,500,627 $2,586,767