Chapter 5, Question 24

The following information is for Riverbed Corporation as of December 31, 2017.

Restricted Cash for Retirement of long- term debt		$24,200		Additional Paid-in Capital		$56,000
Equipment (cost)		112,100		Accounts Receivable		71,600
Inventory (work in process)		13,900		Inventory (raw materials)		60,400
Cash (unrestricted)		21,800		Supplies Expense		16,800
Inventory (finished goods)		33,000		Cost of Goods Sold		404,200
Equity Investments (cost)		9,800		Allowance for Doubtful Accounts		4,500
Customer Advances		12,600		Licenses		7,500
Unearned Service Revenue		37,500		Notes Receivable		24,000
				Treasury Stock		13,900

The following additional information is available.

1.		Inventories are valued at lower-of-cost-or-market using FIFO.
2.		Treasury stock is recorded at cost.
3.		Licenses are recorded net of accumulated amortization of $7,100.
4.		Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $38,150.
5.		The equity investments have a fair value of $7,900. (Assume they are trading securities.)
6.		The allowance for doubtful accounts applies to the accounts receivable.
7.		The notes receivable are due in full on March 31, 2019, with interest receivable every April 30. The notes bear interest at 9%. (Hint: Accrued interest due on December 31, 2017.)

Prepare the current assets section of Riverbed Corporations balance sheet with appropriate disclosures on the face of the balance sheet. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information.)

Please show work!! And help me correct my mistakes