LIVELLUTY 00,-++ Equipment (net) 89,660 Patents 14,420 Accounts Payable $ 49,120 Notes Payable (due 2022) 76,910 Common Stock 93,000 Retained Earnings 69,344 $ 288,374 $ 288,374 Except for the following items, Larkspur has recorded all adjustments in its accounts. 1. Cash includes $470 petty cash and $13,510 in a bond sinking fund. 2. Net accounts receivable is comprised of $49,750 in accounts receivable and $13,570 in allowance for doubtful accounts. 3. Equipment had a cost of $117,240 and accumulated depreciation of $27,580. 4. On January 8, 2021, one of Larkspur' customers declared bankruptcy. At December 31, 2020, this customer owed Larkspur $8,710. (a) Prepare a corrected December 31, 2020, balance sheet for Larkspur Company. (List Current Assets in order of liquidity.) LIVELLUTY 00,-++ Equipment (net) 89,660 Patents 14,420 Accounts Payable $ 49,120 Notes Payable (due 2022) 76,910 Common Stock 93,000 Retained Earnings 69,344 $ 288,374 $ 288,374 Except for the following items, Larkspur has recorded all adjustments in its accounts. 1. Cash includes $470 petty cash and $13,510 in a bond sinking fund. 2. Net accounts receivable is comprised of $49,750 in accounts receivable and $13,570 in allowance for doubtful accounts. 3. Equipment had a cost of $117,240 and accumulated depreciation of $27,580. 4. On January 8, 2021, one of Larkspur' customers declared bankruptcy. At December 31, 2020, this customer owed Larkspur $8,710. (a) Prepare a corrected December 31, 2020, balance sheet for Larkspur Company. (List Current Assets in order of liquidity.)