Early in January 2021. Pearl Company is preparing for a meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2020. Credit Cash Accounts Receivable (net) Inventory Equipment (net) Patents Accounts Payable Notes Payable (due 2022) Common Stock Retained Earnings Debit $ 76,300 37.340 69.169 79.820 13.800 $ 53.100 81.120 100,700 41.509 $ 276,429 S 276,429 Except for the following items, Pearl has recorded all adjustments in its accounts. 1. Cash includes $470 petty cash and $14.560 in a bond sinking fund. 2. Net accounts receivable is comprised of $51,590 in accounts receivable and $14,250 in allowance for doubtful accounts. 3. Equipment had a cost of $106.480 and accumulated depreciation of $26,660. 4. On January 8, 2021, one of Pearl' customers dedared bankruptcy. At December 31, 2020, this customer owed Pearl $9,050. (a) Prepare a corrected December 31, 2020, balance sheet for Pearl Company. (List Current Assets in order of liquidity.) PEARL COMPANY Balance Sheet December 31, 2020 Assets Current Assets Cash 61740 Accounts Recevable 37340 Less : Allowance for Doubtful Accounts -14250 23090 Inventory 60169 Total Current Assets 92259 Long-term investments