Partial balance sheet data for Diesel Additives Company at August 31 are as follows:

Finished goods inventory	$43,000
Prepaid insurance	27,500
Accounts receivable	105,500
Work in process inventory	152,000
Supplies	72,300
Materials inventory	88,500
Cash	110,000

Prepare the Current Assets section of Diesel Additives Companys balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries. Colons (:) will fill in where needed.

Labels

Current assets

Inventories

Accounts

Accounts receivable

Accumulated depreciation-equipment

Cash

Equipment

Finished goods

Materials

Prepaid insurance

Supplies

Work in process

Prepare the Current Assets section of Diesel Additives Companys balance sheet at August 31. Refer to the Labels and Accounts list provided for the exact wording of the answer choices for text entries. Colons (:) will fill in where needed.

Diesel Additives Company

Balance Sheet

August 31

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8	Total inventories
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11	Total current assets