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

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Exercise 15-14 Prepare assets section of belance sheet LO C1, P1, P2, P3, P4, P5 Selocted accounts from GERMX CO.'s adjusted trial balance for the year onded December 31 folow Trading securities (at cost) Short-ters stock investments (at cost) Equity method investments Held-to-maturity securities (long- ters) $ 6,600 Cash $14,008 Fair value adjustment-stock 27,000 (1,808) 74,000 Accounts receivable 6,000 17,000 Fair value adjustment-trading 1,380 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increasees trading securitios; Far Value Adjustment-Stock decreases stock investments. (Amounts deducted should be indicated by a minus sagn) GERMX CO Assets Seetion of Balance Sheet December 31 Assets Current assets Total current assets Long-term investments Total long-tem inveatments Total ansads

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