Phipps Corporation Trial Balance December 31 (Selected Accounts) Debit Credit Cash $70,000 25,000 14,000 48,000 10,000 Short-Term Marketable Securities Accounts Receivable Inventories Other Current Assets Land Equipment Accumulated Depreciation-Equipment Goodwill Other Intangible Assets 100,000 45,000 $5,000 25,000 16,000 Prepare the assets section of the company's balance sheet. Prepare the assets section of the company's balance s Phipps Corporation Balance Sheet December 31 Assets Current Assets: Quelqn) Total Current Assets Total Assets