Preparing a Current Asset Section along with Note Disclosures The following selected normal balances are from the post-closing trial balance of WKO Inc. as of December 31. Additional information 1. Included in the cash balance is $50,000 of cash restricted for 18 months due to a debt agreement. 2. Included in investments is $56,000 of short-term investments at fair value, and the remaining is longterm, also recognized at fair value. 3. 5% of the accounts receivable balance of $150,000 is estimated to be uncollectible. 4. Inventory is valued at the lower of cost or market. The cost value is determined using the LIFO method. 5. The note receivable of $200,000 is due in 21 months. The interest rate is 6%, and the note originated on September 30 of the current year. Interest is paid quarterly with the first payment due January 1 of next year. a. Prepare the current asset section of the classified balance sheet on December 31 . Note: Do not use negative signs with any of your answers. b. Prepare a list of four notes, in reference to assets, to be included in the significant accounting policy note accompanying the financial statements on December 31