During its first year of operations, Blossom Company had credit sales of $3000,100; $610,000 remained uncollected at year-end. The credit manager estimates that $35,100 of these receivable will become uncollectible. Prepare the current assets section of the balance sheet for the Blossom Company. Assume that in addition to the receivables it has cash of 91,000, inventory of 131000, and prepaid insurance of 7800.

During its first year of operations, Blossom Company had credit sales of $3,000,100;$610,000 remained uncollected at year-end. The credit manager estimates that $35,100 of these receivables will become uncollectible. Prepare the current assets section of the balance sheet for Blossom Company. Assume that in addition to the receivables it has cash of $91,000, inventory of $131,000, and prepaid insurance of $7,800. (List Current Assets in order of liquidity.)