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Partial balance sheet data for Ellison Company at December 31,2008 are as follows Finished goods inventory 12500 Prepaid Insurance 6000 Accounts receivable 25,000 work in

Partial balance sheet data for Ellison Company at December 31,2008 are as follows Finished goods inventory 12500 Prepaid Insurance 6000 Accounts receivable 25,000 work in process inventory 45000 Supplies 15000 Materials Inventory 24000 Cash 32000 Prepare the Current Assets section of Ellison Company's balance sheet at December 31,2008

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