1. Sean Kilpatrick owns the Santos Charcuterie and Bakery. He is assembling a summary of the current asset portion of his balance sheet and has determined the accuracy of the following account balances. Santos Charcuterie and Bakery Account Accounts Receivable: House Accounts Allowance for Doubtful House Accounts Accounts Receivable: Credit Cards Cashiers Banks Cash on Deposit in Local Bank Food Inventory Paper and Supplies Inventory Prepaid Expenses Use the information he has assembled to determine the proper current assets account balances, listed in their proper order of liquidity, to help Sean determine the total value of his current assets, and then answer the questions that follow. Santos Charcuterie and Bakery Current Assets Cash Accounts Receivable Net Inventories Prepaid Expenses Account Balance ($) 6,200 1,500 12,300 5,000 80,200 17,850 5,175 27,950 Total Current Assets a. Why must Sean address the issue of allowances for doubtful house accounts if he is to accurately calculate his total current assets? b. What are two examples of prepaid expenses Sean may have incurred and thus must address if he is to accurately calculate his total current assets?