Prepare the current assets section of Larkspur Company's December 31, 2020, balance sheet, with appropriate disclosures.

Current Attempt in Progress Presented below are selected accounts of Larkspur Company at December 31, 2020. Inventory (finished goods) Unearned Service Revenue Equipment Inventory (work in process) Cash Debt Investments (trading) Customer Advances Restricted Cash for Plant Expansion $ 53,500 95,200 257,100 36,000 43,800 39,500 53,200 58,300 Cost of Goods Sold Notes Receivable Accounts Receivable Inventory (raw materials) Supplies Expense Allowance for Doubtful Accounts Licenses Additional Paid-in Capital Treasury Stock $2,192,400 41,000 161,020 182.280 65,490 11,290 16,890 88,040 22,320 The following additional information is available, 1. 2. 3. 4. Inventories are valued at lower-of-cost-or-market using LIFO. Equipment is recorded at cost. Accumulated depreciation, computed on a straight-line basis, is $47,568. The short-term investments have a fair value of $29,730. The notes receivable are due April 30, 2022, with interest receivable every April 30. The notes bear interest at 6%. (Hint: Accrue interest due on December 31, 2020.) The allowance for doubtful accounts applies to the accounts receivable. Accounts receivable of $54,800 are pledged as collateral on a bank loan Licenses are recorded net of accumulated amortization of $14,510. Treasury stock is recorded at cost. 5. 6. 7. Current Assets in order of liquidity. Enter account name only and do not provide the descriptive information provided in the question.) HIC SHCO, will appropriate disclosures. List LARKSPUR COMPANY Balance Sheet (Partial)