Brief Exercise 8-1 Included in the December 31 trial balance of Grouper Company are the following assets Cash Equipment (net) 1,210,000 Accounts Receivables (net) 440,000 Prepaid insurance 45,100 Patents Raw materials 209,000 Work in process $220,000 121,000 187,000 368,500 Finished goods Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order of liquidity.) ctice Assignment Gradebook ORION Downloadable eTextbook nment Prepare the current assets section of the December 31 balance sheet. (List Current Assets in order o GROUPER COMPANY Balance Sheet (Partial) SHOW LIST OF ACCOUNTS to search List Of Accounts Brief Exercise 8-1 Accounts Payable Accounts Receivable Allowance to Reduce Inventory to LIFO Cash Cost of Goods Sold Finished Goods Inventory Inventory No Entry Prepaid Insurance Purchases Purchase Discounts Purchase Discounts Lost Purchase Returns and Allowances Raw Materials Inventory Sales Returns and Allowances Sales Revenue Withholding Taxes Payable Work-in-Process