Presented below are selected accounts of Aramis Company at December 31, 2012.

The following additional information is available.1. Inventories are valued at lower-of-cost-or-market using LIFO.2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $50,600.3. The short-term investments have a fair value of $29,000. (Assume they are trading securities.)4. The notes receivable are due April 30, 2014, with interest receivable every April 30. The notes bear interest at 6%.5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $50,000 are pledged as collateral on a bank loan.6. Licenses are recorded net of accumulated amortization of $14,000.7. Treasury stock is recorded at cost.InstructionsPrepare the current assets section of Aramis Company's December 31, 2012, balance sheet, with appropriatedisclosures.

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Finished Goods Cost of Goods Sold $ 52,000 $2,100,000 40,000 161,000 187,000 60,000 12,000 18,000 88,000 22,000 Unearned Revenue Equipment Work in Process 90,000 253,000 34,000 42,000 31,000 36,000 50,000 Notes Receivable Accounts Receivable Raw Materials Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock Cash Equity Investments (short-term) Customer Advances Cash Restricted for Plant Expansion