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E4-16 The following items were taken from the financial statements of R. Stevens Company.

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E4-16 The following items were taken from the financial statements of R. Stevens Company.
(All dollars are in thousands.)

Long-term debt  943Accumulated depreciation  5,655
Prepaid expenses  880Accounts payable  1,444
Property, plant, and equipment  11,500Notes payable after 2009  368
Long-term investments  264Common stock 10,000
Short-term investments  3,690Retained earnings 3,063
Notes payable in 2009  481Accounts receivable 1,696
Cash 2,668Inventories 1,256
Instructions
Prepare a classified balance sheet in good form as of December 31, 2008

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