please explain step by step answer

E 5.7: Presented below are selected accounts of Kawabata Company on December 31, 2020. The following additional information is available. 1. The short-term debt investments have a fair value of $29,000. 2. The notes receivable was created on April 30,2020 and is due April 30,2022, with interest receivable due every April 30 . The notes receivable earns interest at 6%. (Hint: Consider interest accrued on the receivable for 8 months (April 2020 to December 312020 ).) Instructions: Prepare the current assets section of Kawabata Company's classified balance sheet (do not need to provide notes/disclosure items) on December 31, 2020