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Orange Ltd. had the following account balances at December 31, 2021: Account Name Amount Repair expense $1,375 Advertising expense 800 Prepaid expenses 1.200 Dividends 3,675 Purchase of intangibles 900 Cash (end of year) 52,250 Deferred revenue 1,375 Owner's capital 24,000 Accounts payable 18,625 Prepaid insurance 1,800 Collections from customers 45,650 Insurance expense 2,300 Contributions by owners 15,000 Accounts receivable 22,075 Cash (beginning of year) 6,775 Retained earnings (beginning of year) 3,700 Interest expense 750 Business licence 60 Payment of dividends 3,675 Website design 840 Service revenue 17,450 Cash received from debt 25,000 Income tax expense 2.600 Supplies 1,125 Supplies expense 350 Payments to suppliers 35,600 Bank loan payable, due in 2025 25,000 Website expense 650 Income tax payable 1,700 Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions. Question 54 (1 point) What is the correct order for the current assets section of this company's balance sheet? a) Cash (end of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies b) Cash (beginning of year), Accounts receivable, Prepaid insurance, Supplies c) Cash (beginning of year), Accounts receivable, Prepaid expenses, Prepaid insurance, Supplies d) Cash (end of year), Accounts receivable, Prepaid insurance, Supplies, Website design, Business licence e) Cash (end of year), Accounts receivable, Prepaid insurance, Supplies Question 55 (1 point) What is the correct order for the intangible section of the balance sheet? a) Business licence, Prepaid expenses, Website design b) Business licence, Supplies, Website design c) Website design, Prepaid insurance, Prepaid expenses d) Website design, Business licence e) Website design, Business licence, Prepaid insurance, Prepaid expenses f) Prepaid insurance, Prepaid expenses, Supplies Question 56 (2 points) What is total assets on this company's balance sheet? A/ Question 57 (2 points) What is total current liabilities on this company's balance sheet? A/ What is the correct order for the current liabilities section a) Accounts payable, Income tax payable b) Bank loan payable, Income tax payable, Accounts payable, Deferred revenue Oc) Accounts payable, payments to suppliers, deferred revenue, income tax ) payable d) Accounts payable, Deferred revenue, Income tax payable e) Accounts payable, Income tax payable, Bank loan payable f) Accounts payable, Income tax payable, Payments to suppliers