Prepare the current assets section of the balance sheet at December 31 for Bin Manufacturing using the following information. Hint: Not all information given is needed for the solution.

Cash	$ 22,000
Accounts payable	2,000
Raw materials inventory	8,000
General and administrative expenses	42,000
Accounts receivable, net	12,000
Selling expenses	12,000
Finished goods inventory	22,000
Work in process inventory	18,000
Prepaid insurance	4,000
Cost of goods sold	33,000