Consider the following selected amounts and account balances of Knights:
Prepaid expenses................$ 6,100.......Cost of goods sold.....................$102,000
Marketing expense.............$27,000.......Direct labor................................$50,000
Work in process inventory....$42,000.......Direct materials used....................$20,100
Manufacturing overhead......$22,000.......Accounts receivable.....................$79,000
Finished goods inventory.....$59,000.......Cash.........................................$15,300
Raw materials inventory.......$ 9,800.......Cost of goods manufactured..........$90,000
Requirement
Show how this company reports current assets on the balance sheet. Not all data are used. Is this company a service company, a merchandiser, or a manufacturer? How do you know?