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Novak AG's adjusted trial balance contained the following asset accounts at December 31, 2022: Cash 8,260, Land 47,200, Patents 14,750, Accounts Receivable 106,200, Prepaid Insurance
Novak AG's adjusted trial balance contained the following asset accounts at December 31, 2022: Cash 8,260, Land 47,200, Patents 14,750, Accounts Receivable 106,200, Prepaid Insurance 4,350, Inventory 35,400, Allowance for Doubtful Accounts 4,720, and Trading Securities 12,980. Prepare the current assets section of the statement of financial position. (List Current Assets reverse in order of liquidity.) NOVAK AG Statement of Financial Position (Partial)
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