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1 Included in the December 31 trial balance of Swifty Company are the following assets. Cash $ 218,500 Work in process $230,000 1,265,000 460,000 Equipment

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Included in the December 31 trial balance of Swifty Company are the following assets. Cash $ 218,500 Work in process $230,000 1,265,000 460,000 Equipment (net) Prepaid insurance Accounts Receivables (net) Patents 47,150 126,500 Raw materials 385,250 Finished goods 195,500 Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.) SWIFTY COMPANY Balance Sheet (Partial) LA A $

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