(b) Your answer is partially correct. Prepare the current assets section of the balance sheet for Sandhill Company, assuming that in addition to the receivables it has cash of $85,000, merchandise inventory of $174,000, and supplies of $16,000. (List Current Assets in order of liquidity) Current Assets Cash Accounts Receivable Less Allowance for Doubtful Accounts Inventory Supplies Expense Total Current Assets SANDHILL COMPANY Balance Sheet (Partial) =