Exercise5- Presented below are selected accounts of Whispering Company at December 31, 2017 Inventory (finished goods) Unearned Service Revenue Equipment tnventory (work in process) Cash (not including restricted cash) 38,100 Supplies Expense Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion 50,200 $2,146,300 37,200 156,370 175,930 55,550 11,650 18,650 91,510 20,290 852,800 Cost of Goods Sold 94,200 Notes Receivable 35,600 Inventory (raw materials) 1,000 Allowance for Doubtful Accounts 259,600 Accounts Receabie 37,600 Licenses Additional Paid-in Capital Treasury Stock The following additional information is available. 1. Inventories are valued at lower-of-cost-or-market using LIFO 2. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-ine basis, s $52,279 3. The short-term investments have a fair value of $26,910 4. The notes receivable are due April 3o, 2019, with interest receivatie every 30. The notes bear interest at 6%. (Mint: Accrued interest due on December 31, 2017.) 5. The allowance for doubtful accounts applies to the accounts receivable. Accounts receivablie of $52,600 are pledged as collateral on a bank loan. 6. Licenses are recorded net of accumulated amortization of $12,940 7. Treasury stock is recorded at cost Prepare the current assets section of Whispering Company's December 31, 2017, balance sheet, with appropriate disclosures. (List Current Assets in order of liquidity, Enter account name only and do not provide the descriptive information provided in the question Click if you would like to Show Work for this question: Open Show wr