Presented below are selected accounts of Aramis SE at December 31, 2019.

The following additional information is available.

1. Inventory is valued at lower-of-cost-or-net realizable value using FIFO.

2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is €50,600.

3. The trading securities have a fair value of €29,000.

4. The notes receivable are due April 30, 2021, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2019.)

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 shares are recorded at cost.

Instructions

Prepare the current assets section of Aramis SE's December 31, 2019, statement of financial position, with appropriate disclosures.