Exercise 7-03 Culver Company shows a balance of $250,880 in the Accounts Receivable account on December 31, 2020. The balance consists of the following. Installment accounts due in 2021 $30,100 Installment accounts due after 2021 44,000 Overpayments to vendors 3,040 Due from regular customers, of which $39,970 represents accounts pledged as security for a bank loan 86,300 Advances to employees 2,040 Advance to subsidiary company (due in 2021) 85,400 Illustrate how the information above should be shown on the balance sheet of Culver Company on December 31, 2020. Assume that installment accounts collectible due within the operating cycle of the business. The company's operating cycle is such that all installment receivables are classified as current. CULVER COMPANY Balance Sheet (Partial) > > Click if you would like to show Work for this question: Dean Shorts lustrate how the within the operating cycle of the business. The company's oper Accounts Receivable Advance to Subsidiary Company Installment Accounts Collectible due in 2021 Customers Accounts Other Installment Accounts Collectible due After December 31, 2021 Non-trade Receivables Current Assets Click if you would like to Show Work for this question: Open Sh il.kuche.net