During its first year of operations, Splish Brothers Inc. had credit of $3,861,000, of which $388,000 remained uncollected at year-end. The credit manager estimates that $19,100 of these receivables will become uncollectible.

During its first year of operations, Splish Brothers Inc. had credit sales of $3,861,000, of which $388,100 remained uncollected at year-end. The credit manager estimates that $19,100 of these receivables will become uncollectible, (a) (b) Prepare the current assets section of the balance sheet for Splish Brothers Inc., assuming that in addition to the receivables it has cash of $96.000, merchandise inventory of $174,000, and supplies of $13,200. (List Current Assets in order of liquidity) SPLISH BROTHERS INC. Balance Sheet (partial) For the Year Ended December 31, 2022 Current Assets Cash $ $ $