Selected accounts from Phipps Corporation’s trial balance are as follows. Prepare the assets section of the company’s balance sheet.

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(Selected Accounts) PHIPPS CORPORATION Trail Balance December 31 Cash Short-term Marketable Securities Accounts Receivable Inventories Other current Assets Land Equipment Accumulated Depreciation: Equipment Goodwill Other Intangible Assets Debit $ 50,000 25,000 13,000 45,000 10,000 100,000 45,000 20,000 15,000 Credit $5,000