La-Z-Boy Inc. is one of the world’s largest manufacturers of furniture that is best known for its reclining chairs. The following data (in thousands) were adapted from the 2001 annual report of La-Z-Boy Inc.:
Income taxes payable*
Other long-term liabilities**
Property, plant, and equipment
For the preceding items, (*) indicates that the item is current in nature, while (**) indicates that the item is long-term in nature. Prepare a classified balance sheet as of April 28, 2001.