Preparing a Current Asset Section along with Note Disclosures The following selected balances are from the post-closing trial balance of WKO Inc. as of December 31, 2020. Cash $150,000 Equipment $160,000 Investments 196,000 Accumulated depreciation 30,000 Accounts receivable 150,000 Franchise, net 30,000 Inventory 160,000 Customer deposits received in advance 8,000 Note receivable 200,000 Accounts payable 130,000 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 long-term, 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 average cost method. 5. The note receivable of $300,000 is due in 21 months. The interest rate is 6% and the note originated on September 30, 2020. Interest is paid quarterly with the first payment due January 1, 2021. a. Prepare the current asset section of the classified balance sheet for WKO Inc. on December 31, 2020. Note: Do not use negative signs in your answers. Current Asset Section December 31, 2020 Cash $ 0 Short-term investments O $ Accounts receivable Less: Allowance for doubtful accounts 0 O 0 Inventory Interest receivable Total current assets $ 0 b. Prepare a list of four notes, regarding all assets, to be included in the significant accounting policy note accompanying the financial statements of WKO Inc. on December 31, 2020. Note: Select your answers in alphabetical order using the first word provided in the note. Please answer all parts of the