Exercise 15-16 (Algo) Preparing assets section of balance sheet LO C1, P1, P2, P3, P4, P5 Selected accounts from GermX Company's adjusted trial balance for the year ended December 31 follow. Trading securities (at cost) $ 5,200 Cash $ 10,500 Short-term stock investments (at cout) 23,500 Fair value adjustment-stock (1,100) 70,500 Mccounts receivable 2,500 Held-to-maturity securities (long-term) 13,500 Fair value adjustment-trading 600 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 slgn.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Trading securities (at cost) Cash Stock investments (at cost) Accounts receivable 0 0 Total current assets 0 Long-term Investments 0 Total long-term investments Total assets 0