The financial statements of Tootsie Roll are presented below.

Question
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data)
      For the year ended December 31,
      2011   2010   2009  
  Net product sales   $528,369     $517,149     $495,592    
  Rental and royalty revenue   4,136     4,299     3,739    
  Total revenue   532,505     521,448     499,331    
  Product cost of goods sold   365,225     349,334     319,775    
  Rental and royalty cost   1,038     1,088     852    
  Total costs   366,263     350,422     320,627    
  Product gross margin   163,144     167,815     175,817    
  Rental and royalty gross margin   3,098     3,211     2,887    
  Total gross margin   166,242     171,026     178,704    
  Selling, marketing and administrative expenses   108,276     106,316     103,755    
  Impairment charges           14,000    
  Earnings from operations   57,966     64,710     60,949    
  Other income (expense), net   2,946     8,358     2,100    
  Earnings before income taxes   60,912     73,068     63,049    
  Provision for income taxes   16,974     20,005     9,892    
  Net earnings   $43,938     $53,063     $53,157    
                       
  Net earnings   $43,938     $53,063     $53,157    
  Other comprehensive earnings (loss)   (8,740 )   1,183     2,845    
  Comprehensive earnings   $35,198     $54,246     $56,002    
                       
  Retained earnings at beginning of year.   $135,866     $147,687     $144,949    
  Net earnings   43,938     53,063     53,157    
  Cash dividends   (18,360 )   (18,078 )   (17,790 )  
  Stock dividends   (47,175 )   (46,806 )   (32,629 )  
  Retained earnings at end of year   $114,269     $135,866     $147,687    
                       
  Earnings per share   $0.76     $0.90     $0.89    
                       
  Average Common and Class B Common shares outstanding   57,892     58,685     59,425    
(The accompanying notes are an integral part of these statements.)  

  CONSOLIDATED STATEMENTS OF
Financial Position
TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data)
  Assets   December 31,  
        2011   2010  
  CURRENT ASSETS:              
    Cash and cash equivalents   $78,612     $115,976    
    Investments   10,895     7,996    
    Accounts receivable trade, less allowances of $1,731 and $1,531   41,895     37,394    
    Other receivables   3,391     9,961    
    Inventories:              
    Finished goods and work-in-process   42,676     35,416    
    Raw materials and supplies   29,084     21,236    
    Prepaid expenses   5,070     6,499    
    Deferred income taxes   578     689    
    Total current assets   212,201     235,167    
  PROPERTY, PLANT AND EQUIPMENT, at cost:              
    Land   21,939     21,696    
    Buildings   107,567     102,934    
    Machinery and equipment   322,993     307,178    
    Construction in progress   2,598     9,243    
        455,097     440,974    
    Less—Accumulated depreciation   242,935     225,482    
    Net property, plant and equipment   212,162     215,492    
  OTHER ASSETS:              
    Goodwill   73,237     73,237    
    Trademarks   175,024     175,024    
    Investments   96,161     64,461    
    Split dollar officer life insurance   74,209     74,441    
    Prepaid expenses   3,212     6,680    
    Equity method investment   3,935     4,254    
    Deferred income taxes   7,715     9,203    
    Total other assets   433,493     407,300    
    Total assets   $857,856     $857,959    
  Liabilities and Shareholders’ Equity   December 31,  
        2011   2010  
  CURRENT LIABILITIES:              
    Accounts payable   $10,683     $9,791    
    Dividends payable   4,603     4,529    
    Accrued liabilities   43,069     44,185    
    Total current liabilities   58,355     58,505    
  NONCURRENT LIABILITES:              
    Deferred income taxes   43,521     47,865    
    Postretirement health care and life insurance benefits   26,108     20,689    
    Industrial development bonds   7,500     7,500    
    Liability for uncertain tax positions   8,345     9,835    
    Deferred compensation and other liabilities   48,092     46,157    
    Total noncurrent liabilities   133,566     132,046    
  SHAREHOLDERS’ EQUITY:              
    Common stock, $.69-4/9 par value—120,000 shares authorized—36,479 and 36,057 respectively, issued   25,333     25,040    
    Class B common stock, $.69-4/9 par value—40,000 shares authorized—21,025 and 20,466 respectively, issued   14,601     14,212    
    Capital in excess of par value   533,677     505,495    
    Retained earnings, per accompanying statement   114,269     135,866    
    Accumulated other comprehensive loss   (19,953 )   (11,213 )  
    Treasury stock (at cost)—71 shares and 69 shares, respectively   (1,992 )   (1,992 )  
    Total shareholders’ equity   665,935     667,408    
    Total liabilities and shareholders’ equity   $857,856     $857,959    

TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF
Cash Flows (in thousands)
          For the year ended December 31,    
          2011   2010   2009    
  CASH FLOWS FROM OPERATING ACTIVITIES:                      
      Net earnings   $43,938     $53,063     $53,157      
      Adjustments to reconcile net earnings to net cash provided by operating activities:                      
          Depreciation   19,229     18,279     17,862      
          Impairment charges           14,000      
     
    Impairment of equity method investment
          4,400      
     
    Loss from equity method investment
  194     342     233      
     
    Amortization of marketable security premiums
  1,267     522     320      
     
    Changes in operating assets and liabilities:
                     
     
    Accounts receivable
  (5,448 )   717     (5,899 )    
     
    Other receivables
  3,963     (2,373 )   (2,088 )    
     
    Inventories
  (15,631 )   (1,447 )   455      
     
    Prepaid expenses and other assets
  5,106     4,936     5,203      
     
    Accounts payable and accrued liabilities
  84     2,180     (2,755 )    
     
    Income taxes payable and deferred
  (5,772 )   2,322     (12,543 )    
     
    Postretirement health care and life insurance benefits
  2,022     1,429     1,384      
     
    Deferred compensation and other liabilities
  2,146     2,525     2,960      
     
    Others
  (708 )   310     305      
      Net cash provided by operating activities   50,390     82,805     76,994      
  CASH FLOWS FROM INVESTING ACTIVITIES:                      
     
  Capital expenditures
  (16,351 )   (12,813 )   (20,831 )    
     
  Net purchase of trading securities
  (3,234 )   (2,902 )   (1,713 )    
     
  Purchase of available for sale securities
  (39,252 )   (9,301 )   (11,331 )    
     
  Sale and maturity of available for sale securities
  7,680     8,208     17,511      
     
  Net cash used in investing activities
  (51,157 )   (16,808 )   (16,364 )    
    CASH FLOWS FROM FINANCING ACTIVITIES:                      
     
    Shares repurchased and retired
  (18,190 )   (22,881 )   (20,723 )    
     
    Dividends paid in cash
  (18,407 )   (18,130 )   (17,825 )    
     
    Net cash used in financing activities
  (36,597 )   (41,011 )   (38,548 )    
  Increase (decrease) in cash and cash equivalents   (37,364 )   24,986     22,082      
  Cash and cash equivalents at beginning of year   115,976     90,990     68,908      
  Cash and cash equivalents at end of year   $78,612     $115,976     $90,990      
  Supplemental cash flow information                      
     
  Income taxes paid
  $16,906     $20,586     $22,364      
     
  Interest paid
  $38     $49     $182      
     
  Stock dividend issued
  $47,053     $46,683     $32,538      
(The accompanying notes are an integral part of these statements.)  

Answer the following questions.
 
What were Tootsie Roll’s total current liabilities at December 31, 2011? (Enter amount in thousands.)

Current liabilities as at December 31, 2011   $

What was the increase/decrease in Tootsie Roll’s total current liabilities from the prior year? (Enter amount in thousands.)

Change in current liabilities   $
 
How much were the accounts payable at December 31, 2011? (Enter amount in thousands.)

Accounts payable   $
 

 

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