Apollo Corporation reported the following selected accounts and amounts at November 30, 2015:

Accounts payable ............................................... $22,600

Accounts receivable ............................................ 18,200

Advances to employees ........................................2,900

Allowance for doubtful accounts ............................1,300

Allowance for doubtful notes (current) .....................5,000

Bad debts expense .............................................2,000

Cash ...............................................................7,500

Interest expense ................................................2,400

Interest revenue ................................................6,000

Merchandise inventory ........................................ 26,400

Notes receivable (current) .................................... 25,000

Notes receivable (non-current) ............................... 75,000

Prepaid insurance .............................................. 1,500

Sales ............................................................. 370,000

Sales discounts ................................................ 12,000

Sales tax recoverable .........................................3,150

Instructions

(a) Identify which of the above accounts are statement of financial position (SFP) accounts and which are income statement (IS) accounts.

(b) Indicate where each of the income statement accounts would be reported (for example, operating revenue, operating expenses, non-operating expenses, or non-operating revenue).

(c) Prepare the current assets section of Apollo's statement of financial position.