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) $ 5,400 Cash $ 11,000 Short-term stock investments (at cost) 24,800 Fair value adjustment-stock (1,200) Equity method investments 71,000 Accounts receivable 3,000 Held-to-maturity securities (long-term) 14,000 Fair value adjustment-trading 700 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 COMPANY Assets Section of Balance Sheet December 31 Assets Current assets 0 0 0 Total current assets Long-term Investments 0 Total long-term investments Total assets S 0