Current Attempt in Progress Presented below are selected accounts of Bridgeport Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 61,700 37.700 261.200 40,600 38.400 35,300 36,400 59.900 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,163,500 39,400 166,450 186,390 57,670 12,180 18,980 86,960 20.540 The following additional information is available. 1. 2. 3. 4. Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $52,220. The short-term investments have a fair value of $31,460, The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interes Accrue interest due on December 31, 2020.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $45,800 are 5. 1. 3. The following additional information is available. Inventories are valued at lower-of-cost-or-market using LIFO. 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $52.220. The short-term investments have a fair value of $31,460. The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2020.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $45,800 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $13,110. 7. Treasury stock is recorded at cost. 4. 5. Prepare the current assets section of Bridgeport Company's December 31, 2020, balance sheet, with appropriate disclosures. (List Current Assets in order of liquidity. Enter account name only and do not provide the descriptive Information provided in the question.) BRIDGEPORT COMPANY Balance Sheet (Partial)