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Exercise 15-14 Prepare assets section of balance sheet LO C1, P1, P2, P3, P4, P5 Selected accounts from GERMX CO's adjusted trial balance for the

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Exercise 15-14 Prepare assets section of balance sheet LO C1, P1, P2, P3, P4, P5 Selected accounts from GERMX CO's adjusted trial balance for the year ended December 31 follow. Trading securities at cost) Short-term stock imestants (at cost) Equity method investments Meld-to-maturity teities Conten) $5.800 25.000 72.000 15,000 Cash| Fair value adjustment-stock Accounts receivable Fair velut adjustment-trading $12.000 (1.400) 4.000 900 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities Fair Value Adjustment-Stock decreases stock investments (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets 0 0 Total current assets 0 Long-term investments Total long-term investments Total soos

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