The following facts apply to Walken Company during December 2021:
a. Walken began December with an accounts receivable balance (net of bad debts) of €25,000.
b. Walken had credit sales of €85,000.
c. Walken had cash collections of €30,000.
d. Walken factored €20,000 of net accounts receivable with Reliable Factor Company, transferring all risks and rewards associated with the receivable, and otherwise meeting all criteria necessary to qualify for treating the transfer of receivables as a sale.

e. Walken factored €15,000 of net accounts receivable with Dependable Factor Company, retaining all risks and rewards associated with the receivable, and otherwise meeting all criteria necessary to qualify for treating the transfer of receivables as a sale.
f. Walken did not recognize any additional bad debts expense, and had no write-offs of bad debts during the month.
g. At December 31, 2021, Walken had a balance of €40,000 of cash at M&V Bank and an overdraft of (€5,000) at First National Bank. (That cash balance includes any effects on cash of the other transactions described in this problem.)

Required:
Prepare the cash and accounts receivable lines of the current assets section of Walken’s balance sheet, as of December 31, 2021.