Question

Save 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) $ 239,186 353,700 504,944 83,259 1.594,927 110,800 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 liabilities Total current liabilities Long-term debt Total liabilities Common stock Retained earnings 31,116 421,772 181,604 693,564 956,140 370,627 1,000,000

Answer 1

Requirement 1:

Inventory:  $ 413,838

Equipment (net):  $ 1,314,604

Total assets: $ 3,020,331

Accounts payable:  $ 59,072

Long term debt:  $ 262,576

Requirement 2:

Trident Corporation
Balance sheet
For the year ended December 31, 2021
Assets			Liabilities
Current assets:			Current liabilities:
Cash and cash equivalents		$     239,186	Notes payable (current)	$       31,116
Accounts Receivable		$     504,944	Accounts payable [693564-31116-421772-181604]	$       59,072
Inventory [1594927-239186-504944-353700-83259]		$     413,838	Accrued liabilities	$     421,772
Short term investments		$     353,700	Other current liabilities	$     181,604
Prepaid expenses		$       83,259
Total current assets		$ 1,594,927	Total current liabilities	$     693,564
			Long term liabilities :
Property, plant, and equipment:			Long term debt [956140-693564]	$     262,576
Equipment (net) [3020331-110800-1594927]		$ 1,314,604	Total Liabilities	$     956,140
			Stockholders` Equity
Long term receivables		$     110,800	Common Stock	$     370,627
			Retained Earnings	$ 1,000,000
Total Long-term assets		$ 1,425,404	Total stockholders` equity	$ 1,370,627
Total Assets		$ 3,020,331	Total liabilities and stockholders` equity	$ 3,020,331